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
E) holding board meetings

Question

Quizplus · Accepted Answer

Not-for-profit corporations do not issue shares of stock, as they do not have shareholders who invest in the organization in exchange for ownership of stock.

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