Managers in businesses direct their activities toward earning money for their company and its owners, whereas managers in nonprofits direct their efforts toward: a. retaining existing employees. b. generating some kind of social impact. c. bridging the gap between large organizations and consumers. d. supplementing other businesses with resources.

Question

Business

Moises Singh

22 April, 19:49

Managers in businesses direct their activities toward earning money for their company and its owners, whereas managers in nonprofits direct their efforts toward: a. retaining existing employees. b. generating some kind of social impact. c. bridging the gap between large organizations and consumers. d. supplementing other businesses with resources.

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Answers (1)

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Janet Horne · Answer 1

b. generating some kind of social impact

Explanation:

Business ventures are established with a profit motive. The investor risks their resources, time, and efforts in the expectation of making profits. The investor and his or her business manager employ their skills and experiences to ensure that the business is profitable.

Not-for-profit organizations are formed to provide a service to specific members, a section or entire society. They aim at improving the well being of the community by providing essential services. Not for profit organization offer free services or charge a minimum fee. They get funding from members or founders of the organization or may receive donations from institutions and the general public.