Question

Question 1
Question 2
Question 3
Question 4
Question 5
A) Nonprofit organizations differ from for-profit businesses in that (1 point)
nonprofit organizations distribute profit to shareholders via dividends.
nonprofit organizations are not businesses.
nonprofit organizations do not earn a profit.
nonprofit organizations retain profit rather than distribute it to shareholders.
A) Local craftsmen form a voluntary association, pooling resources and engaging in other cooperative behaviors to increase sales of their products. This scenario is an example of a (1 point)
franchise.
service cooperative.
consumer cooperative.
producer cooperative.
A) Which of the following could be classified as a franchise? (1 point)
one of several hair salons owned and operated by individuals but licensed and supported by a single entity
one of several unrelated laser tag companies in a region that are owned and operated by individuals
one of many daycare centers owned and operated by a single family
a national fast-food chain owned and operated by a single organization
A) A car washing company has developed a successful business model with effective pricing and marketing. To leverage this success, the company plans to sell licenses to potential business owners, giving them permission to use the name, product, and prices of the car washing company at different locations. In this scenario, the car washing company is (1 point)
a franchisor.
a franchisee.
a producer cooperative.
a consumer cooperative.
A) A nonprofit organization with 501(c)(3) designation differs from other nonprofits in that the 501(c)(3) nonprofit organization (1 point)
does not earn any profit.
operates in accordance with its stated mission.
is governed by a board of directors.
enjoys local, state, and federal tax exempti

Answer 1

Here are the answers to your questions based on the provided options:

1. **Nonprofit organizations differ from for-profit businesses in that:**
- **Answer:** nonprofit organizations retain profit rather than distribute it to shareholders.

2. **Local craftsmen form a voluntary association, pooling resources and engaging in other cooperative behaviors to increase sales of their products. This scenario is an example of a:**
- **Answer:** producer cooperative.

3. **Which of the following could be classified as a franchise?**
- **Answer:** one of several hair salons owned and operated by individuals but licensed and supported by a single entity.

4. **A car washing company has developed a successful business model with effective pricing and marketing. To leverage this success, the company plans to sell licenses to potential business owners, giving them permission to use the name, product, and prices of the car washing company at different locations. In this scenario, the car washing company is:**
- **Answer:** a franchisor.

5. **A nonprofit organization with 501(c)(3) designation differs from other nonprofits in that the 501(c)(3) nonprofit organization:**
- **Answer:** enjoys local, state, and federal tax exemptions.

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