Question

distinguish between profit seeking or not profit seeking organization
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Answer 1

Explanation:

While for-profit organizations are responsible for paying taxes based on their net income, nonprofit organizations are exempt from paying income tax. ... Another difference between a nonprofit and for-profit organization is that a for-profit will put together an income statement each quarter.

Answer 2

Answer:

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Explanation:

A for-profit organization is a privately owned organization that serves its customers to earn a profit so that it can survive. A nonprofit organization is a nongovernmental organization that serves its customers but does not have profit as an organizational goal.

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