Question

Which of the following statements is the principal objective of a not-for-profit organization? Select one: a. To provide employment. b. To provide goods or services to the extent its revenue permits. c. To raise money based on appeals to people's humanitarian feelings. d. To organize the members of a community for social or political purposes. e. None of the above.

          Which of the following statements is the principal objective of a not-for-profit organization?
Select one:
a. To provide employment.
b. To provide goods or services to the extent its revenue permits.
c. To raise money based on appeals to people's humanitarian feelings.
d. To organize the members of a community for social or political purposes.
e. None of the above.

Which of the following statements is the principal objective of a not-for-profit organization?
Select one:
a. To provide employment.
b. To provide goods or services to the extent its revenue permits.
c. To raise money based on appeals to people's humanitarian feelings.
d. To organize the members of a community for social or political purposes.
e. None of the above.

Added by Teresa L.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Adi S

08/27/2023

Step 1

Option B: To provide goods or services to the extent its revenue permits - This is a possible objective, but not the principal objective. The primary goal of a not-for-profit organization is not to generate revenue. Show more…

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