According to Herman, One of the Differences of Managing a Nonprofit

question 46

Multiple Choice

According to Herman, one of the differences of managing a nonprofit versus a for-profit corporation is:

• A) nonprofit decisions must be consistent with the mission and ethical values of the organization.
• B) nonprofits are not allowed to make any profits.
• C) nonprofit stakeholders are the same as stockholders.
• D) none of the above.

---

Definitions:

Personal Standards

The individual principles and criteria that guide behavior, performance, and the evaluation of oneself and others.

Self-Gratification

Seeking pleasure or satisfaction for oneself, often without regard for long-term consequences or ethical considerations.

Moral Boundaries

The ethical limits and guidelines that individuals set for themselves, guiding their behavior and interactions.

Ethical Decisions

Choices made based on moral principles and values, considering what is right and beneficial for the majority or for adhering to moral standards.