According to Herman, one of the differences of managing a nonprofit versus a for-profit corporation is:
A) nonprofit decisions must be consistent with the mission and ethical values of the organization.
B) nonprofits are not allowed to make any profits.
C) nonprofit stakeholders are the same as stockholders.
D) none of the above.

Question

Quizplus · Accepted Answer

Herman states that one of the differences between managing a nonprofit and a for-profit corporation is that nonprofit decisions must be consistent with the mission and ethical values of the organization. This is because nonprofits are typically driven by a social or environmental purpose rather than a profit motive.

According to Herman, One of the Differences of Managing a Nonprofit