Chapter 8.3 Nonprofit Organizations

Devote

Give time or attention.

Credit Union

A financial organization that accepts deposits from, and makes loans to, employees of a particular company or government agency, is a service co-op.

Cooperative, or Co-op

Cooperative is a voluntary association formed to carry on some kind of economic activity that will benefit its members.

Nonprofit Organization

Economic institution that operates like a business but does not seek financial gain; schools, churches, and community-service organizations are examples.

Better Business Bureau

Nonprofit organization sponsored by local businesses.

Labor Union

Organization of workers formed to represent its members' interests in various employment matters.

Chamber of Commerce

Organization that promotes the welfare of its member businesses.

Collective Bargaining

Process of negotiation between union and management representatives over pay, benefits, and job-related matters.

Analyze

To break down into parts to study how each part relates to another.