Which statement best describes the most significant difference between a for$-$profit organization or business firm and a nonprof organization?

Business firms earn a profit each year while nonprofits operate at a deficit annually.

Nonprofit organizations are concerned with social issues and business firms are not.

Both serve customers, but business firms seek a profit while nonprofit organizations do not.

Nonprofit organizations are publicly owned and business firms are privately owned.

Nonprofit organizations do not carry on economic activities while business firms do$.$