A corporation can be organized for the purpose of making a profit or it may be nonprofit.

Name: A corporation can be organized for the purpose of making a profit or it may be nonprofit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Corporations can be established as either for-profit entities, aiming to generate financial returns for shareholders, or as nonprofit organizations, focusing on social, educational, or charitable objectives without distributing profits to owners.

A Corporation Can Be Organized for the Purpose of Making