Question : Libraries run by charitable trusts are an example of:
Option 1: Partnership
Option 2: Not for profit organisation
Option 3: Companies
Option 4: Cooperatives
Answer (1)
11th Jan, 2024
Correct Answer: Not for profit organisation
Solution : The primary goal of Not-for-Profit Organizations (NPOs) is the social welfare of society; profit is not the primary goal of these types of organizations. These kinds of organizations include hospitals, schools, trade unions, religious places, etc.
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