Asked by Michael Hawthorne on May 14, 2024
Verified
A business that is created to make a profit for its owners and stockholders:
A) would deemphasize the service it provides.
B) should select projects that entail limited cost.
C) competes for funding from higher levels of government.
D) emphasizes its responsibilities to the citizens it represents.
E) must consider the cost of each project and how much profit it is likely to generate.
Profit
The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.
Stockholders
Individuals or entities that own shares in a corporation, giving them certain rights regarding the company's management and profits.
Owners
Individuals or entities that possess legal rights and responsibilities over a project, business, or asset.
- Recognize the distinctive purposes and operational contrasts between for-profit and not-for-profit organizations.
Verified Answer
Learning Objectives
- Recognize the distinctive purposes and operational contrasts between for-profit and not-for-profit organizations.
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