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प्रश्न
The main objective of not for profit organizations is to earn profit.
उत्तर
False
Explanation:
Unlike sole proprietors, Not-for-Profit Organisations (NPOs) do not operate with the prime motive of earning profits. These organisations run with the basic motive of serving the society. For example, charitable trusts, hospitals, schools, temples, social clubs and sports clubs, etc are regarded as NPOs.
shaalaa.com
Not for Profit Concerns
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संबंधित प्रश्न
Give word / term or phrase for the following statement.
Excess of income over expenditure of a ‘not for profit’ concern.
Excess of expenditure over income of 'not for profit' concerns.
Indian Cricket Association prepares Profit and Loss Account ?
Write one Word / Term / Phrase for the following statement.
Such concerns, which are formed for rendering some useful services to its members without having profit motive.
