Nonprofit Organization Is

question 321

Multiple Choice

nonprofit organization is

• A) a nongovernmental organization that serves its customers but does not have profit as an organizational goal.
• B) a legal entity engaged in business activities solely with the intent of serving its employees without the intent of making a profit.
• C) a publicly owned organization that serves the general population.
• D) a group of people united through contractual or corporate ownership.
• E) a privately owned organization that serves its customers to earn a profit so that it can survive.

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Definitions:

Break-Even Number

The quantity of products or services a business needs to sell to cover its costs, without making a profit or a loss.

Passenger

An individual who travels in a vehicle, aircraft, or vessel, but does not operate it or work as part of the crew.

Fixed Costs

Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, or insurance premiums.

Janitorial Costs

Expenses associated with cleaning and maintaining a company's premises, including wages for janitorial staff and cleaning supplies.