Question

Judy started a business called Music and Memories™. She recognized that music, socialization, and memory-challenging activities for senior citizens helped maintain their cognitive skills for longer periods of time. Though she strives for a financial gain, she uses the excess funds for enriching her programs instead of a personal profit. Her organization is classified as:______.a) insourcedb) nonprofitc) profit-seekingd) outsourced

Answer 1

Answer: (B) Non-profit

Explanation:

 The non-profit organization is one of the type of charitable association that do not paying any type of tax and it basically operating on the basis of scientific, educational and the religious purpose.

 According to the given question, Judy is basically starting the new business and she recognizing the various types of music activities socialization and also the memory challenging process for the senior citizen.

She is using the excess funds for developing the programs rather than focusing on the personal profit. Hence, on the basis of given scenario, Judy organization is classifying as non-profit organization.

 Therefore, Option (B) is correct answer.