Not for Profit' concerns do not have profit motive. (State True or False)
Answers
NPO DOES NOT HAVE PROFIT MOTIVE...
Answer:
TRUE
Explanation:
dimensions of non profit concerns
- Non governmental organizations .
- Government educational institutions .
- Charity groups .
Further explanation
For such organizations to pursue their activities ,
financial support is made , this money is used to run the activities of the organization to ensure that they achieve their scope .
In the process of their endeavors financial activities companies that tender their services to the institutions operate in their normal profitable framework in rendering services .
Some institutions like government schools and hospital are non profit organization within the school , but upon acquiring services , and even personnel all is done in a manner that it is profitable to people offering the services.
N/B If they were to be non profit making organizations then even , cost sharing should not be in such organization , but purely free things.