Which of the Following Is False Regarding a Nonprofit Corporation

question 37

Multiple Choice

Which of the following is false regarding a nonprofit corporation?

• A)A nonprofit corporation may not earn profits.
• B)Nonprofit corporations do not have shareholders.
• C)Nonprofit corporations do not issue stock.
• D)Churches and charitable organizations are examples of nonprofit corporations.
• E)Nonprofit corporations provide services to their members.

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Definitions:

Competition

The rivalry among businesses or individuals for resources, markets, and customers, aiming to achieve superior performance.

Cut Corners

To undertake actions in the easiest, quickest, or cheapest way, often by skipping necessary steps or violating rules.

Profit

The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Internal Locus of Control

The belief that one controls their own fate and outcomes are primarily the result of their own efforts.