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

Multiple Choice

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

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

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

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

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