Answer to Question 1
Examples could include churches, synagogues, private schools, colleges, and universities, many charities, labor unions, environmental groups, and other public interest organizations, American Red Cross, Boy Scouts of America, and the Salvation Army. Incorrect answers would include incorporated towns and cities, cooperatives, and credit unions.
Answer to Question 2
More sources of funds, limited liability of investors, availability of specialized management, and unlimited life of the company.