Question

Which is more difficult to manage-A profit or NonProfit Oraganization​

Answer 1

Answer:

Non profit organization

Answer 2

Answer:

Compared to other types of organizations, nonprofit financials are often more difficult to manage.

NonProfits Have Unique Needs and Face Unique Challenge:

Nonprofits have board oversight whereas most small businesses do not. In a nonprofit, the board of directors is responsible for ensuring that operations advance the organization’s mission. This involves high-level financial oversight, such as creating a budget, checking the actual financial results against the budget, and asking the executive director about any variances. It also involves making sure the organization puts financial policies and procedures—such as internal controls—in place and making sure they function as designed. Most small business owners only answer to themselves.