1. Two qualified MBA pass outs set up a consultancy firm for equal share. They charge consultancy fee from each patient @ ₹ 500 per hour. At the same time, they give free consultation to persons who cannot pay their fees. Can this set-up be termed as not-for-profit organization? Why?

Answer rating: 100% (QA)

1 Solution No this setup cannot be termed as N... View the full answer