Do you agree or disagree: ‘Not for profit concerns’ do not have profit motive.
Q.1 (D) (2) Do you agree or disagree: ‘Not for profit concerns’ do not have profit motive.
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Answer: Agree
Not for Profit concerns such as clubs, hospitals and charitable trusts are formed to provide service to members or society, not to earn profit. Any surplus is used for the objects of the organisation.
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· 28 Oct 2026
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