After considering the textbook's definition of business,how are universities and hospitals different from the organizations described?
A) They typically are not profit-seeking.
B) They are not affected by the global environment.
C) Their organizational boundaries are narrower than normal.
D) They do not produce goods or services.

Question

Quizplus · Accepted Answer

Universities and hospitals are typically not profit-seeking organizations, unlike many businesses described in the textbook. Their primary focus is on education or healthcare, respectively, rather than generating income.

After Considering the Textbook's Definition of Business,how Are Universities and Hospitals