Which of the following statements is correct regarding not-for-profit organizations?
a. The sole common factor between not-for-profit organizations and for-profit firms is the financial bottom line.
b. Not-for-profit organizations hope to generate as much revenue as possible to support their causes.
c. Not-for-profit organizations are all found in the public sector.
d. Historically, not-for-profit firms have had more exact goals and marketing objectives than for-profit firms.
Answer: B