Cooperative and Nonprofits

A _________ acts like business, but its purpose is to benefit society.

• Franchise

• Limited Liability Partnership

• Nonprofit organization

• corporation

What is a cooperative?

• a semi-independent business that buys the right to run a franchise

• a business operated for the shared benefit of its owners, who are also its customers

• a business that licenses the right to sell its products in a particular area

• an institution that acts like a business organization but which does not make a profit

Schools, churches, and community organizations are examples of ______ .

• cooperatives

• Non-profit organizations

• conglomerates

• Labor unions

If the activities of a nonprofit organization produce revenues, the organization uses the money to ______ .

• pay dividends to its members

• further its work

• join a chamber of commerce

• grow the business

A credit union is an example of a ______ .

• service cooperative

• conglomerate

• producer cooperative

• consumer cooperative

What is a cooperative?

• a semi-independent business that buys the right to run a franchise

• a business operated for the shared benefit of its owners, who are also its customers

• a business that licenses the right to sell its products in a particular area

• an institution that acts like a business organization but which does not make a profit

Schools, churches, and community organizations are examples of ______ .

• cooperatives

• Non-profit organizations

• conglomerates

• Labor unions

If the activities of a nonprofit organization produce revenues, the organization uses the money to ______ .

• pay dividends to its members

• further its work

• join a chamber of commerce

• grow the business

A credit union is an example of a ______ .

• service cooperative

• conglomerate

• producer cooperative

• consumer cooperative