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Which of the following is generally considered as a non profit oriented organization?
- a)Corporation
- b)Charitable organization
- c)Audit firm
- d)Insurance companie
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following is generally considered as a non profit oriente...
Correct answer is Option 'b' . Charitable organization is the non profit oriented organization as it works mainly for social welfare and not for maximizing the profits of it's own organization by supplying or selling goods and services. First option is incorrect as companies work for it's own welfare by earning good profits and supplying goods and services at higher prices to local people. Whereas other two options of audit firm and insurance companies also do the same . The main difference between all three is nature of business . But nowadays all the three identities are also working for charitable purposes.
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Which of the following is generally considered as a non profit oriente...
Option b is correct because charitable organization works for human welfare and their development.their main purpose is not to earn profit.they aim too maximize social welfare
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Which of the following is generally considered as a non profit oriented organization?a)Corporationb)Charitable organizationc)Audit firmd)Insurance companieCorrect answer is option 'B'. Can you explain this answer?
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