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Question
Not for Profit Organization is also called ______ organization.
Options
Service
Trading
Profit Making
Commercial
MCQ
Fill in the Blanks
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Solution
Not for Profit Organization is also called service organization.
Explanation:
Its primary objective is to provide services to its members or society at large (like education, healthcare, or sports) rather than earning and distributing profit. Unlike trading or commercial organisations, their goal is social welfare, not business.
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Chapter 2: Accounts of ‘Not for Profit’ Concerns - Exercise 2.1 (Objective Type Questions) [Page 112]
