what makes a non - profit different from a for - profit business?\n1. a) they dont hire employees\n2. b)…

what makes a non - profit different from a for - profit business?\n1. a) they dont hire employees\n2. b) they dont sell goods\n3. c) they operate on donations and volunteers\n4. d) they cant own property

what makes a non - profit different from a for - profit business?\n1. a) they dont hire employees\n2. b) they dont sell goods\n3. c) they operate on donations and volunteers\n4. d) they cant own property

Answer

Brief Explanations:

To determine the difference between non - profit and for - profit businesses, we analyze each option:

  • Option A: Non - profits can hire employees (e.g., administrative staff), so this is incorrect.
  • Option B: Some non - profits do sell goods (e.g., a charity thrift store), so this is incorrect.
  • Option C: Non - profits often rely on donations (financial or in - kind) and volunteers to carry out their missions, which is a key difference from for - profit businesses that aim to generate profit.
  • Option D: Non - profits can own property (e.g., a building for their operations), so this is incorrect.

Answer:

  1. C) They operate on donations and volunteers