Question 1

Question

Question 2
A) Nonprofit organizations differ from for-profit businesses in that (1 point)
nonprofit organizations are not businesses.
nonprofit organizations do not earn a profit.
nonprofit organizations retain profit rather than distribute it to shareholders.
nonprofit organizations distribute profit to shareholders via dividends.
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)
service cooperative.
franchise.
producer cooperative.
consumer cooperative.
Question
3
Question
4
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
a national fast-food chain owned and operated by a single organization
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)
A car washing company has developed a successful business model with effective pricing andmarketing. To leverage this success, the company plans to sell licenses to potential businessowners, giving them permission to use the name, product, and prices of the car washing companyat different locations. In this scenario, the car washing company is
(1 point)
a franchisor.
a franchisee.
a producer cooperative.
a consumer cooperative.
Question
5
A)
Which of the following describes charitable giving?
(1 point)
One cost an individual receives for a charitable donation is an income tax deduction.
A charitable contribution of goods is only a benefit to a charity if it can be sold for cash.
Only a cash donation to a charity is considered a charitable contribution.
Goods donated to a charity benefit the charity when they are used by the charity or sold for cash by
the charity.

Answer 1

Here are the answers to the questions based on the provided statements:

Question 1
Nonprofit organizations differ from for-profit businesses in that:

• nonprofit organizations retain profit rather than distribute it to shareholders.
  (Correct answer)

Question 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:

• producer cooperative.
  (Correct answer)

Question 3
Which of the following could be classified as a franchise?

• one of several hair salons owned and operated by individuals but licensed and supported by a single entity.
  (Correct answer)

Question 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:

• a franchisor.
  (Correct answer)

Question 5
Which of the following describes charitable giving?

• One cost an individual receives for a charitable donation is an income tax deduction.
  (Correct answer)

Feel free to ask for further clarification on any of the answers or concepts!