Question :
Which of the following is not a feature of a not-for profit organisation?
Option 1:
Service motive
Option 2:
Separate entity
Option 3:
Unlimited liability
Option 4:
Managed by elected members
Answer (1)
14th Jan, 2024
Correct Answer:
Unlimited liability
Solution :
Following are the features of a not-for-profit organisation:
1. Service motive,
2. Separate entity, and
3. Managed by elected members.
Hence, the correct option is 3.
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