Question

Do you agree or disagree with the following statement:
'Not for profit concerns' do not have profit motive.

Hint:

Not-for-profit concerns focus on providing services or benefits without the aim of generating profit.

Answer 1

Step 1: Understand the nature of 'Not for profit concerns.'
'Not for profit concerns' are organizations formed with the objective of providing services or benefits rather than making a profit, such as charities or educational institutions.

Step 2: Evaluate the statement.
These organizations aim to use their income to further their mission, not to distribute profits to owners or shareholders.

Step 3: Conclusion.
Thus, the statement that 'Not for profit concerns do not have profit motive' is correct, and I agree with it.

Final Answer: \[ \boxed{Agree} \]