Which of the following statements about nonprofit organizations is true?

Question

Quizplus · Accepted Answer

Nonprofit organizations compete for scarce resources, such as funding and volunteers, just as businesses compete for customers and profits. Nonprofits may not prioritize maximizing shareholder value or making a profit, but that doesn't mean their managers don't need to develop careful strategies to achieve their specific goals and objectives. Nonprofits also set performance goals, such as how many people they aim to serve or how much impact they hope to have in their community. However, exceeding budgets can be a concern for nonprofits, as they rely on funding and donations to sustain their operations.

Which of the Following Statements About Nonprofit Organizations Is True