QUESTION IMAGE
Question
the mission and purpose of a ______ organization is to further a social cause and provide a public benefit.
a. partnership
b. llc
c. nonprofit organization
d. sole proprietorship
Brief Explanations
To solve this, we analyze each option:
- Option A (partnership): A partnership is a business structure where two or more people share ownership, mainly for profit - making, not focused on public benefit or social cause.
- Option B (LLC - Limited Liability Company): An LLC is a business entity designed for profit, with the goal of generating income for its owners, not for public benefit.
- Option C (nonprofit organization): By definition, a nonprofit organization's mission is to further a social cause, like helping the poor, promoting education, or protecting the environment, and provide public benefit, as any profits are reinvested into the cause, not distributed to owners.
- Option D (sole proprietorship): This is a business owned and run by one individual, with the primary aim of making a profit for the owner, not for public benefit.
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C. nonprofit organization