A corporation can be organized for the purpose of making a profit or it may be not-for-profit.

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Abdirahman Abdulle · Accepted Answer

Final Answer : True, Explanation :  This is true. A corporation can be organized with the intention of making a profit or it may be organized as a not-for-profit entity with the aim of advancing a particular social or charitable cause.

A corporation can be organized for the purpose of making a profit or it may be not-for-profit.

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