No matter the size of the business, finance is a critical activity for
A) profit-seeking, but not for nonprofit organizations.
B) profit-seeking and nonprofit organizations.
C) nonprofit organizations, but not for profit-seeking businesses.
D) accountants, but not for financial managers.

Question

Quizplus · Accepted Answer

Finance is essential for both profit-seeking and nonprofit organizations as they need to manage their financial resources effectively to achieve their goals and objectives. Nonprofit organizations also need to ensure that they comply with relevant regulations and accounting standards. Therefore, finance is critical for both types of organizations, regardless of their size. The other choices are not correct as finance is essential for both profit-seeking and nonprofit organizations, and it is not limited to accountants only.

No Matter the Size of the Business, Finance Is a Critical