The Smithsonian Institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders. This entity is organized as a(n)
A) cooperative.
B) quasi-government corporation.
C) S-corporation.
D) not-for-profit corporation.
E) closed corporation.

Question

Quizplus · Accepted Answer

The fact that the Smithsonian Institution does not exist to maximize the wealth of any shareholders and is organized to preserve historical and cultural items of value suggests that it is a not-for-profit corporation.

The Smithsonian Institution Exists to Preserve Historical and Cultural Items