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Profit and Non-Profit Organisations

Quiz by Sushila Yadav

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40 questions
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  • Q1
    Which of the following is a characteristic of a profit organization?
    Providing free services
    Earning revenue
    Funding through donations
    Operated by volunteers
    30s
  • Q2
    Which of the following is a characteristic of a non-profit organization?
    Selling products for profit
    Maximizing profits
    Focusing on shareholder value
    Operating for charitable purposes
    30s
  • Q3
    What is the primary goal of a profit organization?
    Obtaining donations
    Maximizing financial returns
    Serving the community
    Providing free services
    30s
  • Q4
    What is the main source of funding for non-profit organizations?
    Government funding
    Sales revenue
    Investments
    Donations
    30s
  • Q5
    Which of the following statements is true about profit organizations?
    They operate for charitable purposes
    They are tax-exempt
    They rely solely on government funding
    They distribute profits to shareholders
    30s
  • Q6
    Which of the following is a primary objective of non-profit organizations?
    Maximizing profits
    Advancing a social cause
    Increasing shareholder value
    Growing market share
    30s
  • Q7
    Which of the following is a common source of revenue for profit organizations?
    Charitable donations
    Volunteer work
    Government grants
    Sales of products or services
    30s
  • Q8
    What is a key difference between profit and non-profit organizations?
    Profit organizations rely on donations, while non-profit organizations rely on sales.
    Profit organizations operate for charitable purposes, while non-profit organizations maximize shareholder value.
    Profit organizations aim for financial gain, while non-profit organizations aim for social impact.
    Profit organizations have volunteer workers, while non-profit organizations have paid staff.
    Profit organizations are tax-exempt, while non-profit organizations are profit-driven.
    30s
  • Q9
    What is the main goal of a non-profit organization?
    Attracting investors
    Maximizing revenue
    Generating profits
    Achieving a social mission
    30s
  • Q10
    What is a private sector enterprise?
    A company or business that is owned and operated by private individuals or shareholders.
    A company owned and operated by the government.
    A non-profit organization.
    A company that primarily sells goods or products to other businesses.
    30s
  • Q11
    Which of the following is NOT a characteristic of private sector enterprises?
    A company that is owned and operated by private individuals.
    A company that is driven by profit motives.
    A company that is owned and operated by the government.
    A company that operates in a competitive market.
    30s
  • Q12
    What is the primary goal of a private sector enterprise?
    To minimize costs and maximize efficiency.
    To maximize profits and generate returns for its stakeholders.
    To promote social welfare and equity.
    To provide services to the public at a low cost.
    30s
  • Q13
    What is the difference between a private sector enterprise and a public sector enterprise?
    A private sector enterprise operates in a competitive market, while a public sector enterprise operates in a monopoly.
    A private sector enterprise focuses on social welfare, while a public sector enterprise focuses on generating profits.
    A private sector enterprise is funded by donations and grants, while a public sector enterprise is funded by private investors.
    A private sector enterprise is owned and operated by private individuals or shareholders, while a public sector enterprise is owned and operated by the government or a government-controlled entity.
    30s
  • Q14
    Which of the following is an example of a private sector enterprise?
    A non-governmental organization (NGO).
    A multinational technology company.
    A public university.
    A government-run healthcare facility.
    30s
  • Q15
    Which of the following is a characteristic of Public Sector Enterprises?
    They are privately owned.
    They operate solely for profit.
    They are exempt from government regulations.
    They are owned and controlled by the government.
    30s

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