All of the following are best categorized as _____: Harvard University,the American Red Cross and American Institute of Certified Public Accountants.
A)natural monopolies
B)nonprofits
C)intermediaries
D)cultural institutions

Question

Quizplus · Accepted Answer

These organizations are best categorized as nonprofits because they are established to serve public or mutual benefits rather than to earn profits for owners or investors. Harvard University is an educational institution, the American Red Cross provides emergency assistance and disaster relief, and the American Institute of Certified Public Accountants is a professional organization, all operating primarily for purposes other than generating profit.

All of the Following Are Best Categorized as _____: Harvard