Identify a true statement about nonprofit organizations.
A)They are usually in the business of financial gain.
B)They employ people and take in revenue.
C)They do not produce goods and services.
D)They are not business-like establishments.

Question

Quizplus · Accepted Answer

Nonprofit organizations do employ people and take in revenue. Although they may not have the same goal of financial gain as for-profit businesses, they still need to generate revenue to cover their expenses, pay their employees, and fund their programs and services. Nonprofits may produce goods and services, but their main focus is on fulfilling their social mission rather than maximizing profits. While they may not operate like traditional businesses, they still need to be well-managed and efficient to maximize their impact and serve their community.

Identify a True Statement About Nonprofit Organizations