Not all businesses have the mindset of maximising their profits. For instance, most government organisations and charities do not aim to bring in as much revenue as possible. These organisations earn revenue but do not pay any of it to the owners. Instead, not-for-profit organisations tend to focus on social objectives rather than monetary ones.

Non-Profit Non-Profit

Create learning materials about Non-Profit with our free learning app!

  • Instand access to millions of learning materials
  • Flashcards, notes, mock-exams and more
  • Everything you need to ace your exams
Create a free account
Table of contents
    Non-Profit Non-Profit
    Learn with 30 Non-Profit flashcards in the free StudySmarter app

    We have 14,000 flashcards about Dynamic Landscapes.

    Sign up with Email

    Already have an account? Log in

    Frequently Asked Questions about Non-Profit

    What is a non-profit organization?

    The non-profit organisations earn revenue but do not pay any of it to the owners. These are separate legal entities.

    What is a non-profit?

    The non-profit organisations earn revenue but do not pay any of it to the owners. These organisations operate for social causes and not to earn profits.

    Can non-profits pay volunteers?

    Volunteers work for the cause and the work is mostly unpaid apart from operational costs.

    How does a non-profit work? 

    A non-profit organisation focuses on a specific social cause. They use their revenues to pursue a social cause, donate the money to a social objective, pay for the costs of their operations, and advocate for their cause. 

    Test your knowledge with multiple choice flashcards

    Which of the following statements about non-profit organizations is true?They do not make any profits. Stakeholders are not involved in the business. They do not distribute profits. They can only be established as hobbies. 

    Which of the following statements about co-operatives is false?They are run for the benefit of the government.Co-operative are a common type of mutual business. Co-operatives must represent social responsibility. Co-operatives are run by members who each have a say in the management of the business.

    Which one of the following does not make up one of the ethical values ​​of a co-operative?Honesty Social responsibility AdaptabilityOpenness

    About StudySmarter

    StudySmarter is a globally recognized educational technology company, offering a holistic learning platform designed for students of all ages and educational levels. Our platform provides learning support for a wide range of subjects, including STEM, Social Sciences, and Languages and also helps students to successfully master various tests and exams worldwide, such as GCSE, A Level, SAT, ACT, Abitur, and more. We offer an extensive library of learning materials, including interactive flashcards, comprehensive textbook solutions, and detailed explanations. The cutting-edge technology and tools we provide help students create their own learning materials. StudySmarter’s content is not only expert-verified but also regularly updated to ensure accuracy and relevance.

    Learn more
    StudySmarter Editorial Team

    Team Non-Profit Teachers

    • 6 minutes reading time
    • Checked by StudySmarter Editorial Team
    Save Explanation

    Study anywhere. Anytime.Across all devices.

    Sign-up for free

    Sign up to highlight and take notes. It’s 100% free.

    Join over 22 million students in learning with our StudySmarter App

    The first learning app that truly has everything you need to ace your exams in one place

    • Flashcards & Quizzes
    • AI Study Assistant
    • Study Planner
    • Mock-Exams
    • Smart Note-Taking
    Join over 22 million students in learning with our StudySmarter App