Which of the following statements is true of a nonprofit organization?
A) It does not employ people.
B) It does not produce goods.
C) It focuses on financial gain.
D) It generates a revenue.

Question

Quizplus · Accepted Answer

A nonprofit organization can generate a revenue, but the revenue generated is used to fulfill its mission rather than to distribute profit among its members or owners. Nonprofits are usually set up to provide a specific social or charitable service, but they can still operate like any other business, with paid staff, expenses, and revenue. However, the focus is not on financial gain, but on fulfilling the organization's purpose.

Which of the Following Statements Is True of a Nonprofit