CIPS Exam L3M1 Topic 3 Question 12 Discussion

Actual exam question for CIPS's L3M1 exam

Question #: 12
Topic #: 3

[All L3M1 Questions]

'Partnerships are not-for-profit entities'. True or false?

AFalse

BTrue

Show Suggested Answer

Suggested Answer: C, D

To gain market share and to create shareholder value (increase the value of shares) are common aims of private sector organisations.

The other two answers are the antithesis of what firms usually want.

by Lorenza at May 29, 2024, 08:15 PM

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1 days ago

Haha, I almost fell for that one. Partnerships are always for-profit, never not-for-profit. The exam writers are tricky!

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3 days ago

True? Wait, what? Partnerships are definitely not non-profit. I need to go back and review my notes.

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16 days ago

False, partnerships are for-profit entities. This is a pretty basic question.

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17 days ago

True. Partnerships can be formed for charitable purposes, but they can also be for-profit.

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20 days ago

False. Partnerships can be for-profit entities as well.

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27 days ago

Partnerships are not-for-profit entities. True or false?

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