BUISENESS MANAGEMENT
LEGAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tax-exempt, nonprofit corporations ____
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cannot make a profit
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do not have legal liability
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are set up with a specific mission to improve society
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pay dividends more often than for-profit corporations
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Explanation:
Detailed explanation-1: -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.
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