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goji.go goji.go
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Posts: 5977
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11 years ago
Which of the following statements is true of a not-for-profit organization?
A) It makes profits.
B) It does not pay expenses.
C) It can earn excess revenue.
D) It cannot operate like a business.
E) It rewards the proprietor of the organization with earned profits.
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2 Replies
Diesel

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bbb
wrote...
#1
11 years ago
C) A not-for-profit organization does not make profits. However it does pay expenses, and it may operate like a business in most respects. A not-for-profit that takes in more earnings than it needs to spend on expenses will use that excess revenue to further its stated mission.
goji.go Author
wrote...
#2
11 years ago
Smiling Face with Open Mouth
Diesel
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