Which Statement Best Describes the Most Significant Difference Between a Business

Which statement best describes the most significant difference between a business firm and a nonprofit organization?

A) Business firms operate with larger budgets than nonprofits.
B) Nonprofit organizations do not carry on economic activities while business firms do.
C) Nonprofit organizations are concerned with social issues and business firms are not.
D) Both serve customers, but business firms seek a profit while nonprofit organizations do not.
E) Nonprofit organizations are publicly owned and business firms are privately owned.

Correct Answer:

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