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प्रश्न
‘Not for profit’ concerns have profit motive.
विकल्प
Agree
Disagree
MCQ
सत्य या असत्य
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उत्तर
I disagree with the given statement.
Explanation:
‘Not for profit’ organizations do not exist to earn profits. Their main objective is to serve the community or promote a cause such as education, health, or social welfare. While they may generate income through donations, grants, or services, this income is reinvested into the organization’s mission and not distributed as profit. Therefore, they do not have a profit motive, unlike for-profit businesses.
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