Which of the following is an example of a nonprofit organization?
A) Costicon, a regional retail store that sells goods at discounted prices
B) Hollorg, a community museum that is funded by a trust and is free for public use
C) Tempim, a local newspaper house that sells newspaper at prices lower than its competitors
D) Modashows, a fashion publication house that issues free subscriptions of its weekly magazines to consumers who are yearly subscribers

Question

Quizplus · Accepted Answer

Nonprofit organizations are entities that operate for purposes other than making a profit, often focusing on social, educational, or charitable activities. Hollorg, a community museum funded by a trust and free for public use, fits this description as it likely operates for educational and cultural purposes rather than profit.

Which of the Following Is an Example of a Nonprofit