Author Question: One difference between a for-profit and a not-for-profit organization is: A) excess revenue over ... (Read 68 times)

asan beg · **on:** Aug 2, 2018

One difference between a for-profit and a not-for-profit organization is:

A) excess revenue over expenses, in a for-profit organization can go to the organization's owners, in a not-for-profit organization this excess goes back into the organization.

B) a for-profit organization is not operated for anyone's personal gain, a not-for-profit operation is expected to provide a return for its investors.

C) a for-profit organization will budget for a profit each year and a not-for-profit will budget to break-even.

D) a for-profit organization will prepare an income statement and balance sheet each year, a not-for-profit will not prepare these statements.

Question 2

What is an example of a substance for which a statement of caution should be placed on a menu?

a. Saturated fat
b. Sulfates
c. Sodium
d. Cholesterol

aidanmbrowne · **Reply #1 on:** Aug 2, 2018

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