The most important difference between for-profit businesses and nonprofit organizations is that:
A) businesses do not benefit society.
B) nonprofit organizations seek to make a profit for their owners and organizers.
C) nonprofit organizations do not seek a profit for their owners or organizers.
D) nonprofit organizations do not file tax returns.

Question

Quizplus · Accepted Answer

Nonprofit organizations are formed to serve a specific social, educational, or charitable purpose, and they do not seek to make a profit for their owners or organizers. Instead, any revenue generated by a nonprofit organization is reinvested back into the organization to further its mission. Businesses, on the other hand, are formed to generate a profit for their owners and shareholders.

The Most Important Difference Between For-Profit Businesses and Nonprofit Organizations