Definition: An organization that exists for reasons other than to make a profit, such as a charitable, educational or service organization.

Alright class, settle down and let’s take a peek, At the word “nonprofit,” a concept we should seek! The dictionary tells us, clear and bright, It's an organization with a different kind of light. It doesn’t aim for riches, gold, or sheen, Unlike businesses striving to make a gain, you see! Instead, it works for causes grand and true, Like charities helping me and you. Think schools and museums, libraries too, Or groups that offer services, helpful and new. Educational, charitable, a service they provide, That’s the essence of “nonprofit,” let your knowledge ride! So remember this, it's not about the cash, But doing good deeds in a wonderful dash! Do you have any questions, bright minds? Let me know!

Definition: Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price.

Alright class, settle down, let’s take a look! Today we’re tackling the word “profit,” it's quite a treat, Let's break it down, make its meaning complete. The dictionary gives us a helpful clue, “Total income minus expenditures,” that’s true! Think of it like this: you sell lemonade bright, You earn some money, shining with delight. Then you buy lemons and sugar too, Those are your "expenditures," it's plain to view. The difference between what you earned and spent – That’s the “profit,” a happy sentiment! And for organizations like charities grand, They receive money from folks across the land. When they offer services, a helpful hand, That income is profit, understand? It's the benefit they get when goods are sold, At prices advertised, stories to be told. So remember this, it’s all about the gain, Profit means success, again and again! Do you have any questions, class? Let’s discuss with glee, Understanding profit is key for you and me!

Definition: Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price.

Alright class, settle down now, let’s talk about profits, somehow! You've got the dictionary definition, that’s a great start, it’s really important to understand what’s in store. Let’s break it down piece by piece, with a little rhyme to help you seize: “ Profits mean more than just a shiny dime, It’s income gained, a truly joyful chime! Minus the costs, you see, that's the key, Expenditures gone, for all to agree. Think of a shop, or a service sold with glee, You offer a product, for everyone to see. At an advertised price, it’s offered bright, And in return, profits shine with light!” Let’s unpack that a bit further: Total Income: This is all the money you bring in . Like selling cookies at a bake sale - every dollar earned! Cash Flow: This is how that income actually moves – is it going into your pocket, or flowing out to pay for things? Expenditures: These are all the costs involved. Think of ingredients for those cookies, or the cost of renting a stall at the bake sale. And for organizations like charities (non-governmental ones!), it’s the same principle. They sell services – maybe they provide food to the hungry - and the money they receive after covering their expenses is their profit! Do you have any questions about this? Is there anything that's not quite clear? Don't hesitate to ask, learning is a beautiful affair!

Definition: 1. Unprofitableness: A situation where a business fails to generate profits or sustain growth. 2. Example of unprofitableness: When a startup is unable to maintain profitability, it becomes difficult for the company to attract investors and expand its operations.

unprofitableness