A Profit Center Can Exist in a Nonprofit Organization

question 49

True/False

A profit center can exist in a nonprofit organization.

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Definitions:

Innocent Misrepresentation

A false statement made by someone who believes it to be true, which induces another to enter into a contract.

Compensatory Damages

Monetary awards in a lawsuit intended to compensate the plaintiff for actual losses or damages suffered.

Ancillary Farm

A facility or operation that supports the main farming business by providing additional, usually related, services or products.

Innocent Misrepresentation

A false statement made without knowledge of its falsehood, but without intention to deceive, often leading to an altered contract or agreement.