The Main Purpose of a Not-For-Profit Business Is to Add

question 173

True/False

The main purpose of a not-for-profit business is to add value to a product or service in order to make a profit.

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Definitions:

Controlling

Controlling, in management, involves monitoring performance, comparing it with goals, and taking corrective action as needed to ensure achievement of objectives.

Workforce Diversity

The range of differences among the members of an organization's workforce, including race, gender, age, culture, education, and more.

Demographic Trends

refer to observable patterns and changes in a population over time, including age, income, education, and family structure.

People Of Color

Refers to individuals who are not identified as white and is used to highlight diversity in backgrounds and experiences, particularly in contexts discussing racial and ethnic identities.