Question: Which statement describes the most significant difference between a business firm and a nonprofit organization? Select one: a . Business firms operate with larger budgets.
Which statement describes the most significant difference between a business firm and a nonprofit organization?
Select one:
a Business firms operate with larger budgets.
b Notforprofit organizations do not carry on economic activities and business firms do
c Notforprofit organizations are publicly owned and business firms are not.
d Both serve customers, but business firms seek a profit while notforprofit organizations do not.
e All of the above are accurate statements.
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