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Non-Profit

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.

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Non-Profit Non-Profit

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  • Immunology
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What is the definition of a non-profit business?

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  • Immunology
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What is one of the key differences between a non-profit and a for-profit organization?


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What are the three different types of non-profit organizations?

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What are the three different types of public sector businesses?


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What is the general mission and purpose of non-profit organizations?


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Give an example of a potential downfall of privatization.

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Which of the following statements about non-profit organizations is true?

  1. They do not make any profits. 

  2. Stakeholders are not involved in the business. 

  3. They do not distribute profits. 

  4. They can only be established as hobbies. 

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  • Immunology
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  • Mo

Which of the following statements about co-operatives is false?

  1. They are run for the benefit of the government.

  2. Co-operative are a common type of mutual business. 

  3. Co-operatives must represent social responsibility. 

  4. Co-operatives are run by members who each have a say in the management of the business.

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

  1. Honesty 

  2. Social responsibility 

  3. Adaptability

  4. Openness

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What are the different types of co-operatives?


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  • Immunology
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What is the difference between a public corporation and a public service?


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  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

What is the definition of a non-profit business?

Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

What is one of the key differences between a non-profit and a for-profit organization?


Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

What are the three different types of non-profit organizations?

Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

What are the three different types of public sector businesses?


Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

What is the general mission and purpose of non-profit organizations?


Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

Give an example of a potential downfall of privatization.

Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo


Which of the following statements about non-profit organizations is true?

  1. They do not make any profits. 

  2. Stakeholders are not involved in the business. 

  3. They do not distribute profits. 

  4. They can only be established as hobbies. 

Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

Which of the following statements about co-operatives is false?

  1. They are run for the benefit of the government.

  2. Co-operative are a common type of mutual business. 

  3. Co-operatives must represent social responsibility. 

  4. Co-operatives are run by members who each have a say in the management of the business.

Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

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

  1. Honesty 

  2. Social responsibility 

  3. Adaptability

  4. Openness

Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

What are the different types of co-operatives?


Show Answer
  • + Add tag
  • Immunology
  • Cell Biology
  • Mo

What is the difference between a public corporation and a public service?


Show Answer

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Contents
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    Flashcards in Non-Profit 30

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    What is the definition of a non-profit business?

    A non-profit organization is a social enterprise that has social aims and operates to benefit a community or society as a whole. The mission of non-profit organizations can range from community service projects, childcare, recycling companies, apprenticeship programs, etc.

    What is one of the key differences between a non-profit and a for-profit organization?


    A non-profit is an organization that is not set up to make profits. For non-profit organizations, the goal is not to maximize profits. Rather, their objectives are to operate for the benefit of a community or society as a whole.

    What are the three different types of non-profit organizations?

    • Philanthropic organizations

    • Advocacy organizations

    • Mutual benefit organizations

    What are the three different types of public sector businesses?


    • Public corporations

    • Public services

    • Municipal services 

    What is the general mission and purpose of non-profit organizations?


    The mission and purpose of non-profit organizations are to create social benefits, also known as social capital. By creating social capital, non-profit organizations aim to solve an existing problem or issue in order to advance humanity in a certain way.

    Give an example of a potential downfall of privatization.

    A potential problem that could arise as a result of privatization is short-term unemployment.
    Non-Profit Non-Profit
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    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

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