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Which of the Following Is True of Business Firms and Nonprofit

Question 357

Multiple Choice

Which of the following is true of business firms and nonprofit organizations?


A) Unlike a business firm,a nonprofit organization needs resources and support to survive and achieve its objectives.
B) Unlike a business firm,a nonprofit organization must take in as much money as it spends or it won't survive.
C) A nonprofit organization does not measure "profit" in the same way as a business firm does.
D) Nonprofit organizations face competition for customers; business firms do not.
E) Unlike a business firm,a nonprofit organization gets support directly from those who receive the benefits.

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