Author Question: Why are the operational requirements to run nonprofits considered similar to businesses? A) ... (Read 40 times)

waynest · **on:** Jul 7, 2018

Why are the operational requirements to run nonprofits considered similar to businesses?

A) Operations such as payroll, accounting and finance, and human resources are essential for nonprofits.
B) Most of the nonprofit organizations generate profit in some way, and operations are essential for tax planning.
C) The procedural objectives for for-profit organizations and nonprofit organizations are the same.
D) The branding requirements for for-profit organizations and nonprofit organizations are the same.

Question 2

Information technology (IT) consists of all the hardware that a firm needs to use in order to achieve its business objectives, whereas information systems consist of all the software and business processes needed.

Indicate whether the statement is true or false