Essentials of Corporate Finance
Essentials of Corporate Finance
8th Edition
ISBN: 9780078034756
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 1, Problem 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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