Which of the following is NOT a characteristic of the third sector?

Profit maximization is indeed not a characteristic of the third sector, which is composed primarily of not-for-profit organizations that serve social, charitable, or community objectives. The main focus of the third sector is to provide services and support that benefit society rather than to generate profit for owners or shareholders.

Organizations within the third sector, such as charities and voluntary groups, prioritize service and inclusivity. They strive to fulfill social needs or address community issues without the primary aim of earning profits. The characteristics of the third sector include a dedication to altruism and social welfare (service to benefit others), involvement of charitable organizations (inclusion of charities), and activities driven by volunteers (voluntary organization activities). This differentiates these entities from private sector firms, where profit maximization is typically the central goal.