Which of the following statements is correct regarding not-for-profit organizations?
A)The sole common factor between not-for-profit organizations and for-profit firms is the financial bottom line.
B)Not-for-profit organizations hope to generate as much revenue as possible to support their causes.
C)Not-for-profit organizations are all found in the public sector.
D)Historically, not-for-profit firms have had more exact goals and marketing objectives than for-profit firms.

Question

Quizplus · Accepted Answer

Not-for-profit organizations aim to generate revenue to support their causes, but they do not distribute profits to owners or shareholders. Instead, they reinvest any surplus to further their mission.

Which of the Following Statements Is Correct Regarding Not-For-Profit Organizations