Which of the characteristics above distinguishes a profit-making from a not-for-profit-making organizations?

(i)Orientation (ii) Entity (iii)Legal status
(iv)Finance.
Which of the characteristics above distinguishes a profit-making from a not-for-profit-making organizations?

A i, ii, iii and iv

B i, ii, and iii

C ii, and iii

D i and ii

Answer is C