One Difference Between a For-Profit and a Not-For-Profit Organization Is

Multiple Choice

One difference between a for-profit and a not-for-profit organization is

A) a for-profit organization will budget for a profit each year and a not-for-profit will budget to break-even.
B) a for-profit organization will prepare an income statement and balance sheet each year, a not-for-profit will not prepare these statements.
C) a for-profit organization is not operated for anyone's personal gain, a not-for- profit operation is expected to provide a return for its investors.
D) excess revenue over expenses, in a for-profit organization can go to the organization's owners, in a not-for-profit organization this excess goes back into the organization.