Asked by Daisy Steele on Jul 12, 2024
Verified
In order to remain viable,not-for-profit organizations need to focus on profits even more than the public service they provide.
Not-for-Profit Organizations
Organizations that function not to generate profit but primarily concentrate on objectives related to social, educational, or charitable activities.
Public Service
Services provided by the government to its citizens, often focusing on essential services like healthcare, education, and security.
- Differentiate between for-profit and not-for-profit organizations and their operational priorities.
Verified Answer
DE
David EakinsJul 16, 2024
Final Answer :
False
Explanation :
Not-for-profit organizations prioritize their mission and public service over profits, although they do need to manage their finances effectively to sustain their operations and fulfill their mission.
Learning Objectives
- Differentiate between for-profit and not-for-profit organizations and their operational priorities.
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