Organizational forms that are referred to as not-for-profits may include:
A) limited liability corporations.
B) charitable organizations.
C) joint ventures.
D) industrial corporations.

Question

Quizplus · Accepted Answer

Not-for-profits are typically organizations that operate for a charitable, social, or educational purpose, rather than for the financial gain of their owners or investors. Charitable organizations such as non-profit corporations, foundations, and charities are common forms of not-for-profits. Limited liability corporations, joint ventures, and industrial corporations are not typically considered not-for-profits as these organizational forms are often created with the intention of generating profits for their owners or investors.

Organizational Forms That Are Referred to as Not-For-Profits May Include