A private post-secondary institution is defined as a post-secondary school owned and operated by private entities and not necessarily for profit.

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Prepare yourself for the GFL Financial Literacy Test. Study with flashcards and multiple choice questions. Each question comes with helpful hints and thorough explanations to aid retention. Get ready for your exam and achieve success!

Multiple Choice

A private post-secondary institution is defined as a post-secondary school owned and operated by private entities and not necessarily for profit.

Explanation:
Ownership and profit orientation are separate factors in post-secondary education. Private post-secondary institutions are owned and operated by private entities rather than the government. The phrase “not necessarily for profit” is key: private schools can be nonprofit or for-profit, so profit status does not determine whether an institution is private. Public schools, by contrast, are government-owned. With that distinction in mind, the statement describes private post-secondary institutions accurately.

Ownership and profit orientation are separate factors in post-secondary education. Private post-secondary institutions are owned and operated by private entities rather than the government. The phrase “not necessarily for profit” is key: private schools can be nonprofit or for-profit, so profit status does not determine whether an institution is private. Public schools, by contrast, are government-owned. With that distinction in mind, the statement describes private post-secondary institutions accurately.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy