Which of the Following Statements BEST Describes the Distinction Between

Multiple Choice

Which of the following statements BEST describes the distinction between a not-for-profit corporation and a for-profit corporation?

A) Not-for-profits do not pay their employees.
B) Not-for-profits cannot be organized for any person's private gain.
C) Not-for-profits have to dissolve when the owner leaves or dies.
D) Not-for-profits cannot hire executive officers to run the business.
E) Not-for-profits do not need to keep complete books and records.