Nonprofits Begin to Identify Business Opportunities

question 18

Multiple Choice

Nonprofits begin to identify business opportunities:

• A) by surveying their donors.
• B) by surveying their volunteers.
• C) by surveying their staff.
• D) by inventorying their assets.

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Definitions:

Incorporate

The process of legally declaring a business as a separate entity from its owners, providing legal protections and benefits.

Management By Objectives (MBO)

Is a process of joint objective‐setting between a manager and a staff member.

External Supervisory Control

Oversight conducted by external bodies or regulators to ensure an organization meets standards or regulations.

Relationship Building

The process of establishing and maintaining positive connections with others, often characterized by trust, understanding, and cooperation.