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MLA
Subject:
Business & Marketing
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Essay
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English (U.S.)
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Reflection paper: Profit and Non-profit Organizations
Essay Instructions:
Watch the video and answer the following questions.
I expect students to reference the concepts in chapter 17
1. What is the major difference between a for-profit and a not-for-profit organization?
2. Why is understanding financial reports important for Goodwill? What types of decisions can they make only after reviewing financial transactions? Explain your answer.
e-text book:
https://psv4(dot)userapi(dot)com/c848432/u356773924/docs/d13/f5714f3fcf2d/Understanding_Business.pdf?extra=SI_tO9uT6gRMbf9s_SZlzoNlUWNapGsKdXQcmafH9I5plSGDq4IRybvWGapG8fpU4fcxcQG_-qTtQE4ECStt8mXQDGUjoxcsQLOHN4o_h89jXF2WFrta9zIqy6DZCzrNV4YiEk5avfW0
Essay Sample Content Preview:
Subject and Section
Professors Name
May 31, 2020
Reflection paper: Profit and Non-profit Organizations
Organizations are designed to have the capacity to provide for a group of specific individuals who need support. Not all organizations are the same, especially when talking about profit. There are organizations that we call profit and non-profit organizations. Profit organizations are mainly formed in response to paying for memberships and annual fees to be supported by the said organization. Non-profit organizations from the name itself, are organizations that give services to its members for free or without getting any monetary funds. Non-profit organizations tend to help people who are in need. To give them the support that is rightful for them (Ciucescu).
The Goodwill Organization is established in 1902 by Helms to help people in need without expecting anything in return. People ...
Professors Name
May 31, 2020
Reflection paper: Profit and Non-profit Organizations
Organizations are designed to have the capacity to provide for a group of specific individuals who need support. Not all organizations are the same, especially when talking about profit. There are organizations that we call profit and non-profit organizations. Profit organizations are mainly formed in response to paying for memberships and annual fees to be supported by the said organization. Non-profit organizations from the name itself, are organizations that give services to its members for free or without getting any monetary funds. Non-profit organizations tend to help people who are in need. To give them the support that is rightful for them (Ciucescu).
The Goodwill Organization is established in 1902 by Helms to help people in need without expecting anything in return. People ...
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