QQuestionBusiness Management
QuestionBusiness Management
A Fraternal Benefit Society has each of the following characteristics EXCEPT:
A. Incorporated
B. Without capital stock
C. Exists for profit
D. Exists for the benefit of its members
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Answer
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Step 1Let's solve this problem step by step:
Step 2: Understand the characteristics of a Fraternal Benefit Society
A Fraternal Benefit Society typically has the following key characteristics: - It is a type of nonprofit organization - It is usually incorporated - It operates without capital stock - It exists primarily for the benefit of its members - It is NOT a for-profit organization
Final Answer
Exists for profit is the characteristic that a Fraternal Benefit Society does NOT have.
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