Which of the Following Is Not a Characteristic That Distinguishes

question 96

Multiple Choice

Which of the following is not a characteristic that distinguishes a private not-for-profit organization from a business?

• A) Contributions are from resource providers who expect nothing in return.
• B) Financial statements are intended primarily for use by creditors.
• C) Operating purposes are other than to provide goods or services at a profit.
• D) Absence of ownership interests.

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Definitions:

Imposed Price

A price that is set by an external authority rather than being determined by market forces.

Equilibrium Price

The price at which the quantity of a good supplied is equal to the quantity demanded, resulting in market stability.

Environmental Regulation

Rules and standards created to protect the environment from harm caused by human activities.

Steel Production

The process of creating steel, which involves the smelting of iron ore to remove impurities and the addition of carbon and other elements.