For Profit/Nonprofit and Public/Private Flashcards
1
Q
What is the primary goal of a for-profit business?
A
To earn a profit for its owners or shareholders.
2
Q
What kind of business uses profits to support a mission instead of distributing them?
A
A non-profit organization.
3
Q
True or False: Public companies sell stock to the public.
A
True
4
Q
What’s one example of a non-profit organization?
A
Red Cross
5
Q
A
