Related wordsacquisitionnoun Show
business a company that is bought by another company anchornoun business an important shop or business that attracts other businesses to the area where it is blue chipnoun a company or investment that makes a lot of money and is safe to invest in businessnoun an organization that buys or sells products or services for money. This word often refers to a small organization that is owned and run by one person or a few people, while company can also refer to large organizations cartelnoun a group of people or companies who all agree to sell something at the same price so that they can all make profits without competing with one another giantnoun mainly journalism a very large and successful company groupnoun business an organization that consists of several companies or other institutions: can be followed by a singular or plural verb holding companynoun a company that owns the majority of the shares in another company Inc.abbreviation Incorporated: used in the US after the name of a large company, or a group of companies working together under one name limited companynoun a company whose owners are legally responsible for only a limited amount of its debts LLCabbreviation business Limited Liability Company: a type of company whose owners have limited liability (=they are not legally responsible for all losses) Ltdabbreviation Limited: used after the name of some companies market leadernoun a company that sells more of its products than any other company of its type monopolistnoun a company that has a monopoly one-man bandnoun an organization in which one person does everything plcnoun British public limited company: a company in the UK that has shares that ordinary people can buy predatornoun business a company that tries to take control of other companies private companynoun a company owned by a person or group of people who do not sell shares (=the right to share profits) to the public private practicenoun a business that is managed and owned by an individual professional person such as a doctor, lawyer, or dentist ptyabbreviation proprietary: used in Australia, New Zealand, and South Africa after the name of a company public companynoun a company whose shares you can buy on the stock exchange public limited companynoun in the UK, a company in which people can invest their money. It has plc at the end of its name. Pvt.abbreviation Indian English used after the names of some companies to show that they are privately owned sole tradernoun a person who owns and runs a business on their own rather than with a partner or partners suitornoun mainly journalism a company that wants to buy another company zombie companynoun journalism a firm that is making enough money to pay the interest on its debts but would fail if interest rates went up because it is not functioning as a business What is a nonprofit organization (NPO)?A nonprofit organization (NPO) is one that is not driven by profit but by dedication to a given cause that is the target of all income beyond what it takes to run the organization. Because of this, NPOs receive tax-exempt status from the federal government, meaning they don't have to pay income tax. Nonprofit organizations are often used for trusts, cooperatives, advocacy, charity, environmental and religious groups. Many, but not all, NPOs have paid staff in management positions; almost all use volunteers. Unlike for-profit businesses, NPOs have no owners and any surplus profits after operating expenses are used to further its goals instead of being distributed between members or employees of the organization. What is the difference between an NPO and a not-for-profit organization?Nonprofit and not-for-profit are both widely used to refer to NPOs but there are subtle differences. The United States Internal Revenue Service (IRS), for example, uses not-for-profit to refer to activities like hobbies in which revenues are not involved. What is the difference between an NPO and NGO?The terms NPO and NGO (non-governmental organization) are also often used interchangeably but they have some key differences. NGOs are separate from the government and require no government council but depend on the government for funding by means of government grants. However, most NGOs are also nonprofit organizations and thus have nonprofit status. How does an organization qualify for NPO status?For a nonprofit corporation to qualify as a government-recognized and tax-exempt organization, it has to fulfill conditions set out by the internal revenue code. In the United States, the IRS determines the validity and tax status of NPOs. These qualifications include the following:
Organizations that wish to be granted tax exemption must attest to these conditions and file the proper paperwork with the IRS. What are some common use cases for NPOs?There are many use cases for nonprofit organizations. Some examples include the following:
Some of the more recognizable types of nonprofit organizations include the American Red Cross, Amnesty International and the United Way. What is the benefit of NPOs to society?Nonprofit organizations play an important role in society by working to improve the lives of others and the public good. They are often at the forefront of social change and provide much-needed services to those who are most vulnerable. NPOs provide a way for individuals to pool their resources and skills to achieve common goals. They also offer employees an opportunity to use their talents for good, without being motivated solely by profit. NPOs play an important role in democracy by holding powerful institutions and individuals accountable. They also help to ensure that everyone has a voice in the decisions that affect their lives. In short, nonprofit organizations are a vital part of society as these types of organizations work to make the world a better place for all. What are the challenges that NPOs face?They often rely on the dedication of employees who believe in their cause because it's hard for them to compete with private-sector wages in lower-level and mid-management positions. However, executive salaries are often quite high as a means of competing with equivalent positions in the private sector. Fundraising and sponsorship can be an issue for nonprofits as well, as they often rely on external sources, such as donations. Scrupulous accounting, transparency and accountability are essential to the continuation of operations, as mismanaged or misdirected funds could result in the loss of funding from both public and private sources and loss of status. See also: HIMSS, ISSA, National Quality Forum, Cloud Security Alliance, Creative Commons, eHealth Initiative, ANSI, Center for Internet Security, IANA What is an organization that provides goods and services or to help produce?Business: Any profit-seeking organization that provides goods and services designed to satisfy customers' needs.
What is an organization that seeks profit by providing goods or services to others?A business is an organization that strives for a profit by providing goods and services desired by its customers. Businesses meet the needs of consumers by providing medical care, autos, and countless other goods and services.
What is an organization that does business forA for-profit organization is one that operates with the goal of making money. Most businesses are for-profits that serve their customers by selling a product or service. The business owner earns an income from the for-profit and may also pay shareholders and investors from the profits.
What is an organization that produces or distributes goods or services for a profit?Chapter 1 Vocabulary. |