Which of the following statements is true of a nonprofit organization?

Question

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A nonprofit organization can earn excess revenue, but it is required to reinvest it back into the organization for its stated purpose rather than distribute it to owners or shareholders. It is not organized to make profits, but it can earn revenues to support its mission and pay for expenses. It can operate like a business in terms of generating revenue but without the goal of maximizing profits for owners.

Which of the Following Statements Is True of a Nonprofit