Which of the following statements is true of nonprofit organizations?
A. They are usually in the business of financial gains.
B. They employ people and take in revenue.
C. They do not produce goods and services.
D. They are not business-like establishments.
Answer: B
You might also like to view...
______ focuses on risk-taking, radical thinking, and experimentation.
A. People innovation B. Exploratory innovation C. Exploitative innovation D. Process innovation
Which of the following dimensions of Hofstede’s cultural values is risk aversion?
A. relationship orientation B. uncertainty avoidance C. power distance D. collectivism–individualism
In some states, a contract under seal is binding without consideration
a. True b. False Indicate whether the statement is true or false
To induce Big Boss car dealership to sell Edward a car on credit, Edward's Uncle Joe orally promises that he will pay for his nephew's car if he defaults on the 24 month loan. Six months later Edward stopped making payments. Big Boss sues Joe. Who wins?
a. Big Boss wins because Joe promised to pay for Edward's default. b. Big Boss wins because an oral contract is enforceable. c. Joe wins because an oral contract to pay for the debt of another is not enforceable. d. Joe wins because the contract could not have been performed within one year.