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Question
The main objective of not for profit organizations is to earn profit.
Solution
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.
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Not for Profit Concerns
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