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What are political and non profit making organisations?
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What are profit organisations dedicated to?
Profit organisations are dedicated to making money for businesses to continue to operate. These types of organisations include restaurants, retail stores and real estate agencies.
What are profit making businesses?
Those organisations whose only motivation is to make profit are called profit making business houses. In fierce competition scenario, these business houses fight for their share of profits by any means - be it in honest or fradulent means.
how does income and expenses account difference from Profit and Loss Account?
Income and expense for not for profit organisations is same as profit and loss account but they cannot use the name profit and loss account because not for profit organisations are not formed to earn profit.
Where are surplus shown in balance sheet?
With non-profit organisations, when the balance sheet doesn't show a loss, but what would be classified a profit for profit organisations, it is called a surplus. When it is what would be considered a loss for profit organisations, it is called a deficit.
What is profit seeking organization?
Some organisations,such as companies and partnerships, see their main objective as maximising the wealth of their owners. Such organisations are often referred to as 'profit - seeking'
What does it mean when a company is operating in the black?
they re making profit.
Explain how the marketing concept can be applied in non profit organisations?
Explain how the marketing concept can be applied in non profit organization?
What are the roles of religious organisations as non profit organisations in society?
They give shelter to the homeless, feed the hungry & minister to inmates & hospital patients.
What has the author Essien Bassey Offiong written?
Essien Bassey Offiong has written: 'Standard costing, budgeting and budgetary control in profit making commercial/industrial organisations and local government'
Why are profit and not-for-profit organisations different?
Profit organisation are generally those who want to make money eg: industrial companies such as builders. Not for profit organisations are those that serve the community or are helping something or people. eg: World Vision is a not for profit organisation. All the money they receive from fundraising goes to the kids in Africa. This is the same as Zoo's. The fares you pay for entrance is for the food and the upkeep of the animal enclosures.
What does promising career mean?
it means a job that is profit-making especially in future.
