Question

A characteristic common to governmental and NFP organizations is operating purposes that are other than to provide goods or services at a profit or profit equivalent

a.True
b.False

Answer 1

Governmental and Non-Profit organizations have operating purposes that are not focused on making a profit. Instead, they are primarily dedicated to fulfilling a specific mission or purpose.

Step-by-step explanation:

A characteristic common to governmental and NFP (Non-Profit) organizations is operating purposes that are other than to provide goods or services at a profit or profit equivalent. This statement is true. Non-Profit organizations are primarily focused on fulfilling a particular mission or purpose, such as providing charitable, religious, or educational services, rather than making a profit. Similarly, governmental organizations are established to serve the public and address societal needs, rather than generating profits.