Question

‘Not for profit concerns’ do not have profit motive.

Options

• Agree

• Disagree

Answer 1

I Agree with the given statement.

Explanation:

‘Not for Profit Concerns’ are organizations established with the primary objective of providing social, educational, charitable, or welfare services rather than earning profits. Their main focus is on serving society, and any surplus generated is reinvested in the organization rather than distributed as profit. Hence, they do not have a profit motive.