Unh admn 400 exam one - Study guides, Class notes & Summaries

What is a Business? - Answer- an organization that provides goods and services to earn a profit What is a nonprofit? - Answer- any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - Answer- - environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - Answer- - employment -production of goods/services we want/need - innovation of new goods/services - community leadersh...

What is a Business? - Answer-an organization that provides goods and services to earn a profit What is a nonprofit? - Answer-any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - Answer-- environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - Answer-- employment -production of goods/services we want/need - innovation of new goods/services - community leadership/suppor...

What is a Business? - correct answer-an organization that provides goods and services to earn a profit What is a nonprofit? - correct answer-any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - correct answer-- environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - correct answer-- employment -production of goods/services we want/need - innovation of new goods/servic...