Identify the difference between the characteristics of not-for profit and for-profit organizations.

Question

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Answer 1

Question

Chapter 13, Problem 1Q

To determine

Identify the difference between the characteristics of not-for profit and for-profit organizations.

Expert Solution & Answer

Explanation of Solution

Not-for Profit Organization: A not for profit organization, is a business type operated by individuals or specific groups of people to carry out the beneficial activities to the society. They do not focus on profit generation.

The difference between the characteristics of not-for profit and for-profit organizations are:

The ownership is not properly defined.
The focus is on provision of goods and not on profit.
The resources provided may not get the direct benefit worth the value of the resources.

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Answer 2

Question

Chapter 13, Problem 1Q

To determine

Identify the difference between the characteristics of not-for profit and for-profit organizations.

Expert Solution & Answer

Explanation of Solution

Not-for Profit Organization: A not for profit organization, is a business type operated by individuals or specific groups of people to carry out the beneficial activities to the society. They do not focus on profit generation.

The difference between the characteristics of not-for profit and for-profit organizations are:

The ownership is not properly defined.
The focus is on provision of goods and not on profit.
The resources provided may not get the direct benefit worth the value of the resources.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 13, Problem 1Q

To determine

Identify the difference between the characteristics of not-for profit and for-profit organizations.

Expert Solution & Answer

Explanation of Solution

Not-for Profit Organization: A not for profit organization, is a business type operated by individuals or specific groups of people to carry out the beneficial activities to the society. They do not focus on profit generation.

The difference between the characteristics of not-for profit and for-profit organizations are:

The ownership is not properly defined.
The focus is on provision of goods and not on profit.
The resources provided may not get the direct benefit worth the value of the resources.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 13, Problem 1Q

To determine

Identify the difference between the characteristics of not-for profit and for-profit organizations.

Expert Solution & Answer

Explanation of Solution

Not-for Profit Organization: A not for profit organization, is a business type operated by individuals or specific groups of people to carry out the beneficial activities to the society. They do not focus on profit generation.

The difference between the characteristics of not-for profit and for-profit organizations are:

The ownership is not properly defined.
The focus is on provision of goods and not on profit.
The resources provided may not get the direct benefit worth the value of the resources.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 13, Problem 1Q

To determine

Identify the difference between the characteristics of not-for profit and for-profit organizations.

Expert Solution & Answer

Explanation of Solution

Not-for Profit Organization: A not for profit organization, is a business type operated by individuals or specific groups of people to carry out the beneficial activities to the society. They do not focus on profit generation.

The difference between the characteristics of not-for profit and for-profit organizations are:

The ownership is not properly defined.
The focus is on provision of goods and not on profit.
The resources provided may not get the direct benefit worth the value of the resources.

Answer 6

Chapter 13, Problem 1Q

To determine

Identify the difference between the characteristics of not-for profit and for-profit organizations.

Expert Solution & Answer

Explanation of Solution

Not-for Profit Organization: A not for profit organization, is a business type operated by individuals or specific groups of people to carry out the beneficial activities to the society. They do not focus on profit generation.

The difference between the characteristics of not-for profit and for-profit organizations are:

The ownership is not properly defined.
The focus is on provision of goods and not on profit.
The resources provided may not get the direct benefit worth the value of the resources.

Answer 7

Chapter 13, Problem 1Q

To determine

Identify the difference between the characteristics of not-for profit and for-profit organizations.

Answer 8

Expert Solution & Answer

Explanation of Solution

Not-for Profit Organization: A not for profit organization, is a business type operated by individuals or specific groups of people to carry out the beneficial activities to the society. They do not focus on profit generation.

The difference between the characteristics of not-for profit and for-profit organizations are:

The ownership is not properly defined.
The focus is on provision of goods and not on profit.
The resources provided may not get the direct benefit worth the value of the resources.