Which of the Following Is a Characteristic of Both Profit-Seeking

question 41

Multiple Choice

Which of the following is a characteristic of both profit-seeking and nonprofit service organizations?

• A) Labour is intensive.
• B) Output is usually difficult to define.
• C) Major inputs and outputs cannot be stored.
• D) All of the above are characteristics.

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Definitions:

Navigable Waterways

Water bodies that are deep and wide enough for ships and boats to travel through, often playing a key role in transportation and trade.

Federal System

A form of government in which power is divided between a central authority and constituent political units.

Unitary

A system of government where a single central government holds the majority of the power, with any regional or local governments having authority that is delegated from the central government.

Confederal Systems

A form of government where power is given to individual states or entities, with a weak central authority, allowing for a loose union.