Answer to Question #184008 in Economics for Rearabetswe Maleka

Question

Which one of the following statements about a non-profit company (NPC) is correct? 

1 NPCs must have at least three directors and three members.

2 NPCs offer some of their profits to their members.

3 The aim of an NPC is to make a profit for a personal benefit.

4 NPCs use their profits to promote the specific purpose for which the company was 

formed.

Answer 1

4 NPCs use their profits to promote the specific purpose for which the company was 

formed.