Which Statement Best Describes the Most Significant Difference Between a Business

question 277

Multiple Choice

Which statement best describes the most significant difference between a business firm and a nonprofit organization?

• A) Business firms operate with larger budgets than nonprofits.
• B) Nonprofit organizations do not carry on economic activities while business firms do.
• C) Nonprofit organizations are concerned with social issues and business firms are not.
• D) Both serve customers, but business firms seek a profit while nonprofit organizations do not.
• E) Nonprofit organizations are publicly owned and business firms are privately owned.

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Definitions:

Multiple Regression Model

A statistical technique that models the relationship between a dependent variable and several independent variables to predict outcomes.

Annual Income

The total amount of income earned over a year from work, investments, or other sources.

Professional Groups

Associations or organizations that represent the interests and standards of professionals in a specific industry or field.

Significance Level

The threshold below which a p-value is considered to indicate a statistically significant difference from a hypothesized value.