Which of the Following Is a Difference Between For-Profit Businesses

question 35

Multiple Choice

Which of the following is a difference between for-profit businesses and nonprofit organizations?

• A)Financial resources for for-profit businesses come from government appropriations, grants, and donations, while nonprofit organizations are funded by the sale of products or services to customers.
• B)In for-profit businesses, managers focus on improving an organization's products and services to increase sales revenues, while in nonprofit organizations, however, services are typically provided to nonpaying clients.
• C)For-profit businesses are committed to servicing clients with limited funds, while nonprofit organizations have access to unlimited funds to service clients.
• D)In for-profit businesses, services are typically provided to nonpaying clients, while in nonprofit organizations, services are typically provided to paying clients.

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Definitions:

Cross-functional Teams

Groups composed of members from different departments or areas of expertise working together toward a common goal.

Self-managed Teams

Groups of workers who are given the autonomy to manage their own tasks and responsibilities without direct supervision.

Task Forces

Temporary groups established to accomplish a specific objective, often bringing together expertise from different areas.

Cross-functional Teams

Teams composed of members from different departments or functional areas within an organization, working together towards a common goal.