Not-For-Profit Organizations Are Different from For-Profit Organizations Primarily ________

question 32

Multiple Choice

Not-for-profit organizations are different from for-profit organizations primarily ________.

• A)in the way they make decisions
• B)in the way they measure success
• C)in the way they motivate employees
• D)in how they hire employees

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Definitions:

Unity

In economic terms, unity can refer to a sense of agreement or cohesion among members of a market or organization, striving towards common goals or values.

Inelastic

Characterizes a condition in which the demand for a good or service is relatively unresponsive to changes in its price.

Elasticity of the Demand

A measure of how the quantity demanded of a good responds to a change in its price.

Technological Changes

Innovations or improvements in technology that enhance productivity, efficiency, or quality in the production of goods and services.