- 6 Marks
BMIS – Nov 2016 – L1 – Q1a – The business organisation and its stakeholders
Differentiate between profit and non-profit organizations in terms of purpose, fundraising, and surplus utilization.
Question
Both profit and non-profit making organizations operate in the economic development of every country. However, they differ in their objectives and operations.
Show these differences with reference to the following: i) Purpose of existence (2 marks)
ii) Raising of funds (2 marks)
iii) Utilisation of surplus funds (2 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Business Organisation, Fundraising, Objectives, Profit vs Non-Profit, Surplus Utilization
- Level: Level 1
- Topic: The Business Organisation and its Stakeholders
- Series: NOV 2016
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