Asked by Tommy Clobes on Jul 18, 2024
Verified
Just as with a for-profit business,the first priority for a not-for-profit organization is making a profit.
For-Profit Business
A type of enterprise that aims to earn profit for its owners through its operations and services.
Not-for-Profit Organization
An entity that operates for purposes other than generating profit, often focusing on social, educational, or charitable activities.
- Identify the differences in operational priorities between for-profit and not-for-profit organizations.
Verified Answer
RN
Reshonn N SutphinJul 24, 2024
Final Answer :
False
Explanation :
The first priority for a not-for-profit organization is to fulfill its mission, which typically focuses on social, educational, humanitarian, or cultural objectives rather than making a profit.
Learning Objectives
- Identify the differences in operational priorities between for-profit and not-for-profit organizations.
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