Individuals who believe that nonprofit organizations should apply business methods of management perceive nonprofit organizations as ______.

Question

Quizplus · Accepted Answer

Nonprofit organizations that apply business methods of management are known as social enterprises. They operate like a business but have a social or environmental mission at their core. This approach is becoming increasingly popular as nonprofits seek to diversify their revenue streams and become more self-sufficient. Choice A, social institutions, is a broader term that encompasses a wide range of organizations, both for-profit and nonprofit, that serve a social purpose. Choices B and D, government and education institutions, respectively, do not accurately describe nonprofit organizations that adopt business methods of management.

Individuals Who Believe That Nonprofit Organizations Should Apply Business Methods