Word: profit
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Dates: during 1990-1999
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Last November, ACT Inc. filed a federal lawsuit against Sylvan Learning Systems for making a deal with the Chauncy Group, a for-profit subsidiary of the non-profit ETS. Sylvan Learning Systems and the Chauncy Group had made a deal so that they could offer students the computer-based GRE (ETS otherwise lacks the computers to offer the test nationwide...
...problem with the deal was that Sylvan Learning Systems now had unfair control over educational testing by making a deal with a non-profit. Furthermore, other critics point out that ETS still maintains status as a nonprofit while making revenues of $411 million a year. So that's where our test-taking fees end up. But what few people have focused on, and what is most astounding, is that ETS has started to market its own test preparation guides. They even use the slogan-would you believe this?!- "we prepare the tests, let us help prepare you." And although...
...There was a profit earned in that period that allowed us to return some of it to students," said General Manager Allan E. Powell...
Members of the Coop management attribute the profit to a new business structure that the Coop first initiated in September...
Instead, they said it shows the eagerness of Singaporeans to welcome new talent into their country. Singapore has a large international population and its citizens profit from the international influence...