Louisa runs a corporation which sells bracelets to generate money to run a soup kitchen that feeds the needy.The corporation earns profits,but has no shareholders.Instead,all profits are used to provide food for the needy.The corporation is most likely a ________.

Question

Quizplus · Accepted Answer

A)Nonprofit corporations may earn profits,but they do not distribute them to
shareholders.Nonprofits provide services to members and reinvest most profits in the business.
B)Nonprofit corporations may earn profits,but they do not distribute them to shareholders.Nonprofits provide services to members and reinvest most profits in the business.
C)Nonprofit corporations may earn profits,but they do not distribute them to shareholders.Nonprofits provide services to members and reinvest most profits in the business.
D)Nonprofit corporations may earn profits,but they do not distribute them to shareholders.Nonprofits provide services to members and reinvest most profits in the business.
E)Nonprofit corporations may earn profits,but they do not distribute them to shareholders.Nonprofits provide services to members and reinvest most profits in the business.

Louisa Runs a Corporation Which Sells Bracelets to Generate Money