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.