Question
17. Public schools, charities and government agencies generally a. have the same goals as for-profit businessos b. do not seek to earn a profit e. provide goods rather than services d. do not have any stakeholdars
Solution
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JuneVeteran · Tutor for 10 years
Answer
The answer is **b. do not seek to earn a profit.**<br /><br />Public schools, charities, and government agencies are typically classified as non-profit organizations. Their primary purpose is to serve the public good, rather than generate profit for owners or shareholders. While they may have budgets and financial goals, these are oriented towards effectively delivering their services or fulfilling their mission, not maximizing profit.<br /><br />Here's why the other options are incorrect:<br /><br />* **a. have the same goals as for-profit businesses:** For-profit businesses prioritize maximizing profit for their owners/shareholders. Non-profits prioritize their mission of service.<br />* **c. provide goods rather than services:** Many non-profits primarily provide services (education, healthcare, social assistance). While some may provide goods (food banks, clothing drives), it's not their defining characteristic.<br />* **d. do not have any stakeholders:** Non-profits have many stakeholders including the communities they serve, employees, donors, volunteers, and government agencies.<br />
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