The Smithsonian Institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders.This entity is known as a(n) _____.
A) partnership
B) quasi-government corporation
C) S-corporation
D) not-for-profit corporation
E) closed corporation

Question

Quizplus · Accepted Answer

The description of the entity being a non-profit organization that exists to preserve items of historical and cultural value and share them with the public fits the characteristics of a not-for-profit corporation.

The Smithsonian Institution Exists to Preserve Historical and Cultural Items