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CBSE Class 12-commerce Answered

is topper  learning is profit organisation or non profit organisation    
Asked by shreyanshj2002 | 24 Jun, 2019, 04:53: PM
answered-by-expert Expert Answer
As per the syllabus for Class 12, the following explanation will be relevant enough for you to determine whether a particular organisation is profit making or non-profit making.
 
Meaning and Concept of Not-for-Profit Organisations:

                      i.        These are the institutions/organisations that are set-up with general or specific objectives for rendering services and providing other social activities to enhance the welfare of general or a particular group of people. 

                    ii.        The aim of such institutions is not to earn profit, however, the organisations are capable of earning profit. 

                   iii.        A separate legal entity not owned by any individual or an enterprise.

                   iv.        Examples of such organisations are schools, colleges, public hospitals, literacy societies for promoting sports, arts, culture, etc.

Answered by Surabhi Gawade | 25 Jun, 2019, 09:41: AM

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