The following are characteristics shared by both for-profit and not-for-profit corporations EXCEPT ________.
A)electing a board of directors to run the organization
B)offering employee fringe benefits
C)having limited liability protection
D)issuing shares of stock

Question

Quizplus · Accepted Answer

Not-for-profit corporations do not issue shares of stock as they do not have shareholders seeking profits from the organization.

The Following Are Characteristics Shared by Both For-Profit and Not-For-Profit