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

Nonprofit organizations, as the name suggests, do not seek to make a profit for their owners or organizers. Instead, they are focused on fulfilling a social or charitable mission. This is in contrast to for-profit businesses, which exist primarily to generate profits for their owners and shareholders. While businesses can certainly benefit society in many ways, their ultimate goal is to maximize financial returns. Nonprofits, on the other hand, prioritize social impact over financial gain.

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