1.

Justify the following statement :Non-Profit Association means an institution formed for providing services.

Answer»
  • The non-profit association is a voluntary association established for conducting social, cultural, educational, or economic activities. 
  • Such associations work for the benefit of the members and for society. 
  • These associations are service-oriented, which promotes the welfare of society. 
  • Examples: Rotary clubs, social clubs, sports clubs, educational institutions, recreation clubs, cultural clubs, chamber of commerce, etc. 
  • Thus, Non-Profit Association means an institution formed for providing services.


Discussion

No Comment Found

Related InterviewSolutions