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A Charitable institution needs to be able to fund its operations in the face of variable income and occasional hard times. To do that it needs to accumulate a financial reserve and that requires taking in a bit more than it sends out. It may not be called a "profit" but it performs the same function in the financial life of the institution. The primary difference between this and a truly for profit institution is that besides salaries no individual or group of shareholders owns that extra and it stays under the control of the management.
What else can I help you with?
A firm that does not seek to make money is a what?
Not-for-profit organization
Why did European government seek out colonies?
to expand land and get a profit
What was the colony of Maryland founded for?
As a haven for English Catholics and to seek a profit.
What was the Maryland colony founded for?
As a haven for English Catholics and to seek a profit.
What do you understand by profit oriented and non profit oriented entities?
A profit oriented entity is one whose goal is to make profits from its services or products. A non profit entity is one that does not necessarily seek to make profit but has set out other goals.
What is one effect of the profit motive?
It pushes companies to seek to eliminate competition.
What are Public schools charities and government agencies generally?
Do not seek to earn a profit
Why did the institution seek to create the network system in the 1960?
thsi suck niogga hhahhaha
To be considered a non-profit business one must carry out what types of purposes?
To be considered a non-profit organization, it must operate for purposes that serve the public good, such as charitable, educational, religious, scientific, or literary activities. These organizations do not distribute profits to shareholders or owners; instead, any surplus revenue is reinvested into the mission of the organization. Additionally, non-profits often seek tax-exempt status, which requires adherence to specific regulations and reporting requirements.
What role does Christianity play in today's society?
Christianity is the base of many charitable organizations. Many Christians seek to express their beliefs through politics.
Why does a company seek to make a profit every year?
After all the employees and the expenses have been paid off the profit is used to improve the company or its also how the owners make money
How do you fill out dissolution of marriage papers?
You should seek assistance from the clerk at the court that issued the papers.You should seek assistance from the clerk at the court that issued the papers.You should seek assistance from the clerk at the court that issued the papers.You should seek assistance from the clerk at the court that issued the papers.
