BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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collect donations for its work.
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return profits to the owners of the business.
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direct any and all profits to a charitable cause, service, or organization dedicated to helping others.
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utilize volunteers to carry out the work of the organization
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Detailed explanation-1: -What is a nonprofit organization? A nonprofit organization is one that qualifies for tax-exempt status by the IRS because its mission and purpose are to further a social cause and provide a public benefit. Nonprofit organizations include hospitals, universities, national charities, and foundations.
Detailed explanation-2: -Marketing is critical to the success of nonprofits in advancing their missions. Marketing for nonprofits is a way for nonprofits to identify potential supporters, make sure supporters know about all the great work a nonprofit is doing, and give them opportunities to be involved, like volunteering or donating.
Detailed explanation-3: -Not-for-Profit Organisations are the establishments that are for utilised for the welfare of the community and are set up as charitable associations which operate without any motive for profit. Their primary objective is to provide service to a specific class or the public at the larger picture.
Detailed explanation-4: -A legal entity, which operates for earning profit for the owner, is known as For-profit or Profit organization. A non-profit organization is a legal entity, which operates for serving the society as a whole. Club, Trust, Public hospitals, society, etc. Sole proprietor, partners or directors, as the case may be.