Economics · Forms of Business Organisation
Which of the following best describes a non-profit organisation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A purely government-owned enterprise operating public transport
- 2A private company with limited liability setup for commercial sales
- 3An organisation that uses its surplus revenues to achieve its ultimate objective rather than distributing them as profit✓
- 4A business that aims to maximise shareholder profit
Correct answer
An organisation that uses its surplus revenues to achieve its ultimate objective rather than distributing them as profit
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