In today's global competition, it is important to recognize the kinds of organizations that exist. Organizations can basically be divided into two categories:
A)business and non-profit.
B)domestic and multi-national.
C)privately owned and publically owned.
D)regulated and unregulated.

Question

Quizplus · Accepted Answer

While all the choices listed describe different types of organizations, the most fundamental distinction is between for-profit (business) and non-profit organizations. This distinction is based on their main goals and objectives: making a profit versus serving a charitable or social purpose. The other choices (B, C, and D) are all secondary distinctions that can overlap with each other (e.g. a multi-national business can be both privately and publicly owned).

In Today's Global Competition, It Is Important to Recognize the Kinds