MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS STRUCTURE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ is an organization that is formed to serve some public purpose rather than for financial gain.
A
Cooperative
B
Not-for-Profit Corporation
C
S-Corporation
D
Limited Liability Company
Explanation: 

Detailed explanation-1: -Non-Profit Organization fulfills the purposes like religious, charitable, scientific, public safety, literary, educational, fostering national or international sporting but on a smaller scale as compared to an NGO.

Detailed explanation-2: -A non-profit organization is a type of organization that is set up to provide goods and services to the public in a way that does not generate a profit. Non-profit organizations are established to serve a charitable, educational, religious, or other purpose that benefits the public.

Detailed explanation-3: -Sole Proprietorship Sole proprietorships own all the assets of the business and the profits generated by it.

Detailed explanation-4: -A corporation, sometimes called a C corp, is a legal entity that’s separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures.

There is 1 question to complete.