Ling is in the business of connecting homeless with free shelters, and she funds her business through charitable donations and by placing ads in the shelters. She takes a small salary but reinvests whatever is left to grow the operation. Ling's business is a
A) business firm.
B) subchapter S corporation.
C) charitable service agency.
D) cooperative.
E) nonprofit organization.

Question

Quizplus · Accepted Answer

Ling's business is a nonprofit organization because it is funded through charitable donations, focuses on providing a social service, and reinvests any surplus to further its mission rather than distributing profits.

Ling Is in the Business of Connecting Homeless with Free