Question

HealthAssist, a corporation owned and managed by volunteers, supplies vaccines, medicines, and first aid supplies to impoverished populations in Southeast Asia and Africa. Its focus is not on earning a surplus but on serving the community. HealthAssist is an example of

Multiple Choice

• a domestic corporation.

• a private corporation.

• a limited partnership.

• a nonprofit corporation.

• a quasi-public corporation.

Answer 1

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Answer
d) a non profit corporation  .
It is an Association of people that work together for furthering a social cause . with no objective to earn profits. This is the most suitable option .

Private corporations work with the objective of profit maximization .
Domestic corporation is a company which carries on its affairs in the home country . IT is not a domestic corporation because it supplies to Africa and Southeast Asia.
Limited partnerships work with the objective of wealth maximization
A quasi public corporation is a private corporation backed up by government . There is not sufficient information regarding the ownership .