The differences between For-profit and non-profit organization

The differences between For-profit and non-profit organization

Professional Development

10 Qs

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The differences between For-profit and non-profit organization

The differences between For-profit and non-profit organization

Assessment

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Education

Professional Development

Practice Problem

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Maricel Dumalaoco

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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the primary goal of a for-profit organization?

Maximizing profit

Providing public services

Promoting social welfare

Engaging in charitable activities

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is true about For-profit organization?

They are exempt from paying taxes.

They distribute profits to shareholders or owners.

They rely on donations and grants for funding.

They operate solely for the general public.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Non-profit organizations:

Operate with the primary goal of generating profit.

Pay taxes on their income.

Distribute profits to shareholders or owners.

Reinvest surplus funds back into the organization's mission.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is an example of a For-profit organization?

Red cross

Google

United nations

Doctors without borders

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is the characteristics of a for-profit organizations?

Publicly available financial statements

Voluntary board of directors

Donations and grants as primary sources of funding

Tax-exempt status

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who is typically responsible for budgeting and financial planning within an organization?

Human resources manager

Operations manager

Treasure

Controller

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following roles involves monitoring financial performance and making recommendations for improvement?

Financial analyst

Chief Operating Officer

Chief Information Officer

Marketing manager

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