Question : Which of the following is not a feature of a not-for profit organisation?
Option 1: Service motive
Option 2: Separate entity
Option 3: Unlimited liability
Option 4: Managed by elected members
Correct Answer: Unlimited liability
Solution :
Following are the features of a not-for-profit organisation:
1. Service motive,
2. Separate entity, and
3. Managed by elected members.
Hence, the correct option is 3.




