Question

State whether the following statements are True or False.

‘Not for Profit’ concerns concentrate their efforts on maximizing their profit.

Answer 1

False

Explanation: Unlike profit-making organisations, NPOs do not have profit-making as their primary motive. In fact, they are formed to render services to their members or to society at large. For example, aided schools, clubs, hospitals etc. The primary motive of all these organisations is to provide service to others.