ACCA BT · Chapter 1 · Question 2 of 11
A charity providing free meals to homeless people measures its success mainly by the number of people it helps within its budget. Which type of organisation is this?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) A not-for-profit organisation
Explanation
A not-for-profit organisation's main objective is to provide a service or meet a social need, not to make a profit for owners. A surplus may arise but it is reinvested in the cause. A public sector body is owned or controlled by government, and a co-operative is owned by and run for the benefit of its members.
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