The most important difference between for-profit businesses and nonprofit organizations is that:
A) businesses do not benefit society.
B) nonprofit organizations seek to make a profit for its owners and organizers.
C) nonprofit organizations do not seek a profit for its owners or organizers.
D) nonprofit organizations do not file tax returns.

Question

Quizplus · Accepted Answer

The most important difference between for-profit businesses and nonprofit organizations is that nonprofit organizations do not seek a profit for its owners or organizers. While for-profit businesses prioritize making a profit, nonprofit organizations prioritize their social mission and reinvesting any profits back into the organization to further that mission. Nonprofit organizations also have tax-exempt status, meaning they are not subject to federal income tax.

The Most Important Difference Between For-Profit Businesses and Nonprofit Organizations