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One writer describes organizations that exist for goals other than profit: "Like their for-profit counterparts, these groups set goals and require resources to meet those goals. However, their goals are not focused on profits. Not-for-profit organizations do not compete directly with one another in the same manner as, for example, Ford and Honda, but they do compete for talented employees, people's limited volunteer time, and donations." What is the main point of the quoted lines?
AThe groups compete with carmakers such as Ford and Honda for customers
BThe groups skip the race for profit yet still compete for people and money
CThe groups need no resources because their goals are not about profits
DThe groups refuse donations so that they stay independent of businesses
Answer & Solution
Correct answer: B. The groups skip the race for profit yet still compete for people and money
1. The quoted lines say these groups set goals and need resources just as profit-seeking firms do, but profit is not the aim.
2. They then name what the groups do compete for: talented employees, volunteer time, and donations.
3. Putting the two together, the main point is that the profit race is absent while competition for people and money remains.
4. Ford and Honda appear only as an example of how these groups do not compete, so the carmaker option reads the example backwards.
5. Saying they need no resources contradicts the first quoted sentence, and donations are something they seek, not refuse.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 1 "Understanding Economic Systems and Business", section 1.1 The Nature of Business_
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