A not-for-profit organization has owners just like other forms of business.

Name: A not-for-profit organization has owners just like other forms of business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Not-for-profit organizations do not have owners in the traditional sense. Instead, they have members or a board of directors who govern the organization and ensure its mission is fulfilled. Any profits made are reinvested back into the organization instead of being distributed to owners or shareholders.

A Not-For-Profit Organization Has Owners Just Like Other Forms of Business