Question

Managers of for-profit and not-for-profit businesses are similar in that they

a. are obligated to return a profit to the shareholders.
b. are responsible for submitting the company's taxes.
c. are obligated to seek out government funding.
d. must have effective business skills and experience.

Answer 1

Managers of for-profit and not-for-profit businesses are similar in that they must have effective business skills and experience.

Step-by-step explanation:

Managers of for-profit and not-for-profit businesses are similar in that they must have effective business skills and experience. While for-profit businesses aim to generate profits for their shareholders, not-for-profit businesses focus on pursuing a specific mission or cause without the goal of maximizing profits. Both types of managers need to possess strong business acumen to effectively run their organizations, make strategic decisions, manage finances, and ensure the success and sustainability of the business.