Business and Labor Online Practice

Question

Complete this assessment to review what you’ve learned. It will not count toward your grade.
9 of 169 of 16 Items

Question
Which statement is true?(1 point)
Responses

501(c)(3) nonprofit organizations are neither public charities nor private foundations.
501(c)(3) nonprofit organizations are neither public charities nor private foundations.

Service cooperatives provide services such as insurance and credit to members at discounted rates.
Service cooperatives provide services such as insurance and credit to members at discounted rates.

Service cooperatives help members purchase resources, market products, and sell goods.
Service cooperatives help members purchase resources, market products, and sell goods.

Not-for-profit organizations must not retain profits for future expenditures.
Not-for-profit organizations must not retain profits for future expenditures.
Remaining Attempts : 3

Answer 1

The statement that is true is:

Service cooperatives provide services such as insurance and credit to members at discounted rates.

This statement accurately describes the function of service cooperatives.