Many of you have heard of a non profit organizations but do you really know what it is? The definition of a non profit organization is an organization that uses its surplus revenues to further achieve its purpose or mission‚ rather than distributing its surplus income to the organization’s shareholders as a profit. This means that instead of the organization’s profit going into their pocket it goes towards the benefit of the general public for the cause that the organization has dedicated itself
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Profit vs. Not-for-Profit Organization A nonprofit organization is formed for the common good of the public. Nonprofit organizations are usually formed for some specific religious‚ charitable or educational purpose. A for-profit organization may be formed to conduct any number of lawful business activities. The primary reason to form a for-profit organization is to earn a profit for the owners of the company. Use of Profits Since a not-for-profit organization is formed to accomplish a specific
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References: Anika Clark (2012). Nonprofit vs. for-profit health care: Debate hits home. [ONLINE] Available at: http://www.southcoasttoday.com/apps/pbcs.dll/article?AID=/20120503/NEWS/205030347. [Last Accessed Nov. 20‚ 2012]. Steven Hill (2011). Non-Profit vs. For-Profit health care: How to Win the Looming Battle Over Cost Control. [ONLINE] Available at: http://www.washingtonmonthly.com/ten-miles-square/2011/05/nonprofit_vs_forprofit_health029839.php. [Last Accessed Nov. 20‚ 2012]. Staff Writers
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Non-Aligned Movement (NAM) PREAMBLE Non-Aligned Movement (NAM) is an important world organization of the third world countries who do not wish to be aligned with any of the big powers.The NAM can be defined as: “The international forum of the people of the third World who openly condemn and negate the lust for creating the spheres of influence by the super powers and thus is an important and effective organ against Colonialism and imperialism.” REASONS FOR THE FORMATIONS OF NAM The World War
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Introduction For-profit hospitals provide a service to make a profit which is returned first to organizations and then to their shareholders. Non-profit hospitals exist first to provide a service and second to accumulate assets which are returned to the hospital ’s community in the form of additional services (Consumers Union‚ 1998). Johns Hopkins Hospital is non-profit healthcare organization that provides many service to the Baltimore community as well as worldwide. They are infamous for their patient
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The SWOT of Non Profit and For Profit By Shelley Coulter Submitted: May 20‚ 2013 Instructor: Olivia Kerr PHI445: Personal & Organizational Ethics (BIJ1316A) Thesis: Believing in who you are and what your purpose in life‚ sets the standards on which you live. Shelley Coulter Introduction The highest ranking professions involve helping people. Among the lowest ranking occupations are those associated with the not profit and for profit organizations. The Mesopotamian Code
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OPERATIONAL AUDITING: ACCT 476 / CCAU 525 Internal Auditing in Not-For-Profit Organizations TABLE OF CONTENTS ABSTRACT: .....................................................................................................................................................................2 INTRODUCTION ..............................................................................................................................................................2 SECTION I: CORPORATE GOVERNANCE
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MUTUAL NON-DISCLOSURE AGREEMENT THIS AGREEMENT is made on _______________ (date) between 1. _______________________ ‚ ("Party A"); and 2. _______________________ ‚ ("Party B")‚ collectively referred to as the "Parties". RECITALS Each undersigned party (the "Receiving Party") understands and acknowledges that the other party (the "Disclosing Party") has disclosed or may disclose information relating to Website development‚ which to the extent previously‚ presently‚ or subsequently disclosed
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Make a Wish Non-Profit organizations play a large role in the American society. They are designed to serve the public and help in many ways. A nonprofit is supposed to use its revenue to benefit the public. Many of these organizations are educational‚ scientific‚ charitable‚ or religious. Some popular nonprofits that are well known today are universities‚ hospitals‚ and some organizations‚ such as‚ The Make a Wish Foundation. Some nonprofits‚ such as‚ hospitals and universities‚ have salaries
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Respect is one the 7 Army Values and probably one of the most important in today’s Army. Discipline also works alongside respect even though it is not one of the Army Value’s; it falls under Self-less Service. You can’t have respect without discipline because it creates a sense of unity among soldiers which under extreme circumstances the military cannot afford to have any causality because of one individual’s decision to disrespect one of leaders appointed over me direct orders. Self-less
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