the Smithsonian institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders. this entity is organized as not-for-profit corporation.
This is the term that is used to refer to an establishment that was not created for the sake of making money.
The goal would be to offer services to the public but not for them to pay for the services that they are offered. Hence the people would be able to share in the historical value of this items but they are not allowed to pay to do so.
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complete question
The Smithsonian Institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders. This entity is organized as a(n)
cooperative.
quasi-government corporation.
S-corporation.
not-for-profit corporation.
closed corporation
