Which of the following is a difference between for-profit businesses and nonprofit organizations?
A) Financial resources for for-profit businesses come from government appropriations, grants, and donations, while nonprofit organizations are funded by the sale of products or services to customers.
B) In for-profit businesses, managers focus on improving an organization's products and services to increase sales revenues, while in nonprofit organizations, however, services are typically provided to nonpaying clients.
C) For-profit businesses are committed to servicing clients with limited funds, while nonprofit organizations have access to unlimited funds to service clients.
D) In for-profit businesses, services are typically provided to nonpaying clients, while in nonprofit organizations, services are typically provided to paying clients.
Correct Answer:
Verified
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