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Question

The organisations which are set up for providing service are called as _____.

A
Profit organisations
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B
Not-for-profit organisations
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C
Sole trader
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D
Company
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Solution

The correct option is C Not-for-profit organisations
The organisations which are set up for providing services are called as not-for-profit organisations. They are set up for purpose other than profit for promoting science, religion, social cause etc. Hence, the organisation meant for a social cause are categorized as Not-for-profit organisation.

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