Unlike a Business Firm, a Nonprofit Organization

question 209

Multiple Choice

Unlike a business firm, a nonprofit organization

• A) needs resources and support to survive and achieve its objectives.
• B) must take in as much money as it spends or it won't survive.
• C) does not measure "profit" in the same way.
• D) faces competition for customers.
• E) gets support directly from those who receive the benefits.

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Definitions:

Ethical Standards

Principles that govern the behavior of individuals and organizations, often guiding actions in professional and personal contexts.

Global Leader

A prominent figure or entity recognized for their influence and authority in worldwide affairs or specific industries.

Innovative Ways

Innovative ways refer to novel methods or strategies implemented to solve problems, improve processes, or create value in new and creative manners, often leading to advancements and efficiencies.

Personal Integrity

The quality of being honest and having strong moral principles that one does not betray, either in personal or professional contexts.