What is the primary aim of a not-for-profit organisation?

• To make a profit for the owners

• To provide a public service or help people

• To compete with for-profit businesses

• To maximize shareholder value

Which of the following is an example of a not-for-profit organisation?

• A sole trader

• A charity

• A public limited company

• A private limited company

How do social enterprises primarily generate income?

• By charging high interest rates

• By receiving government grants

• By collecting membership fees

• By selling products or services

What is a grant in the context of not-for-profit organisations?

• A loan that must be repaid with interest

• A donation that requires repayment

• Money given that does not need to be paid back

• A tax that not-for-profits must pay

Which of the following is NOT a characteristic of a charity?

• Operates to maximize profits for owners

• Aims to raise money for good causes

• Receives tax relief

• Eligible for certain types of grants