For-profit businesses and nonprofit organizations are similar in that they both:
A) contribute to the welfare of society.
B) seek to earn a profit.
C) have a limited life.
D) must be controlled by a board of directors.

Question

Quizplus · Accepted Answer

A business is an activity that seeks to profit by providing goods and services to others. Nonprofit organizations, such as charities and government agencies, also provide goods and services to satisfy the needs of people within a society, but they do not seek a profit.

For-Profit Businesses and Nonprofit Organizations Are Similar in That They