Asked by Hafsa Shahzada on Jun 28, 2024
Verified
What types of corporations largely depend on grants from private foundations and public donations to meet expenses?
A) nonprofit corporations
B) limited-liability companies
C) S corporations
D) C corporations
Nonprofit Corporations
Organizations that operate for charitable, educational, cultural, or public service purposes rather than for profit, often enjoying tax-exempt status.
Private Foundations
Non-profit organizations usually created via a single primary donation from an individual or business and whose funds and program operations are managed by its own trustees or directors.
- Distinguish among different types of limited liability entities and understand their consequences for entrepreneurs.
Verified Answer
ZK
Zybrea KnightJul 04, 2024
Final Answer :
A
Explanation :
Nonprofit corporations largely depend on grants from private foundations and public donations to meet expenses, as their primary purpose is not to generate profit but to serve a public or mutual benefit.
Learning Objectives
- Distinguish among different types of limited liability entities and understand their consequences for entrepreneurs.
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