Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
9th Edition
ISBN: 9781259277214
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
Question
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Chapter 1, Problem 1.9CTCR
Summary Introduction

To discuss: The kind of goals that Person X thinks to be appropriate for a hospital (not-for-profit organization).

Introduction:

The organization that does not earn any profit for the owners is a not-for-profit organization. The money earned in the not-for-profit organization is donated to pursue the objectives of the organization. Thus, the not-for-profit organizations are the type of public service organization or charities.

Statement:

Person X is the manager of the non-for-profit business such as the not-for-profit hospital.

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