Question

Pride of Peers is a bakery chain that specializes in preparing homemade confectionaries. The company donates most of its earnings to rehabilitation centers for war victims and keeps just enough to buy raw materials. The primary goal of the company is to contribute to the rehabilitation of war victims. In this scenario, Pride of Peers would most likely be classified as a _____.

Answer 1

Non profit organization

Step-by-step explanation:

Non profit organizations that carry out operations without any intention of earning profits. They give away whatever they earn for the benefit of needy people. These are tax-exempt organizations and run mostly on donations by other organizations.

Here, Pride of peers is a non profit organization as it gives away its earnings for the rehabilitation of war victims after keeping aside funds to carry out its operations. It is working for welfare of the masses.