Thursday, February 4, 2010

True or false, All corporations operate primarily for profit.?

False.





Non-profit corporations do NOT operate for a profit, they are charitable organizations while still being corporations.





But, for the rest of them, of course. Why else would someone risk it all to start a business?True or false, All corporations operate primarily for profit.?
True.





Well, not entirely after I read some of the answers below. It's true that there are non-profit corporation and I'm not talking about non-profit organisations who are working for world peace or environments. A few corporations come to mind namely, Swift Organisation working for communications for financial institution, and in fact Master Card is a non profit corporation. Very odd right? But, Swift is own by Financial Institutions that use them in proportion of the services they use. The set up is to maintain the neutrality of the organisation for the profit of other organisation.


As for Master Card, I really forget why they are non-profit, but their expenses are much greater than the profit rival; Visa.True or false, All corporations operate primarily for profit.?
There are not-for-profit corporations, but even they need to consider revenues and expenses to stay in business. In the practical sense, the large ones (for example, United Way, Goodwill) are run as if they are for profit.





And any large corporation is going to be run primarily for profit. If not, it will go under. There are plenty that don't make a profit, anyway, in spite of their efforts - imagine how they would get killed if they weren't focused on making money?





There are probably some one-person corporations, or small businesses that are incorporated, without having profit as their #1 goal.





If this is a question on a test, I wouldn't look so deeply, and mark it false, because of ';not-for-profit'; corporations.
false.





Ever hear ov a not-for-profit corporation? there are many of them!
Most defiantly true


Thank you


God bless you


I love you


and have a nice day.
...true.





Now let me ask you why you go to work? I love my job but if it didn't pay I would stay home and do the same thing
True



TRUE
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