CHAPTER 8 LESSON 3 Nonprofit Organizations

Better Business Bureau

business-sponsored nonprofit organization providing information on local companies to consumers

nonprofit organization

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

devote

give time or attention

analyze

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

cooperative, or co-op

nonprofit association performing some kind of economic activity for the benefit of its members

chamber of commerce

nonprofit organization of local businesses whose purpose is to promote their interests

credit union

nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services

labor union

organization that works for its members' interests concerning pay, working hours, health coverage, fringe benefits, and other job-related matters

collective bargaining

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