Final answer:
Corporations can be categorized as for-profit or non-profit based on their intended profit distribution to owners.
Explanation:
One must determine if a corporation is for profit or for non-profit.
A for-profit institution is a corporation intended to operate a business to return a profit to the owners by selling stock or privately-held assets.
On the other hand, a non-profit organization is a business entity primarily focused on providing charitable, religious, or educational purposes while not distributing profits to owners.
Learn more about Corporate Profit Classification here:
https://brainly.com/question/34874165
