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.