Which of the following forms of corporation is designed for businesses that exist tomake positive social or environmental impacts?BA) S corporationB) Nonprofit corporationC) B corporationD) Professional corporation

Correct answerThe correct answer is C) B Corporation. B Corporations, or Benefit Corporations, are a…

Answered: Which of the following forms of…

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter5: Corporate Ethical Governance & Accountabililty

Section: Chapter Questions

Problem 1Q

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Similar questions

Which of the following best defines stakeholders? A. investors and lenders B. environmental groups C. anyone directly or indirectly affected by the organization D. groups or individuals financially impacted by the organization
Which of the following least likely distinguishes nonprofits from for-profit corporations? a) Profit generation. b) Tax payments. c) Number of shareholders and dividend payments.
Differentiate between closely held and publicly owned corporations.
Characteristics of a corporation include Group of answer choices shareholders who are mutual agents direct management by the shareholders (owners) its inability to own property shareholders who have limited liability
What is not-for-profit corporation?
What is an important reason business owners choose the election for s corporation status.
State two desired characteristics of the Board of Directors of an effective corporation.
Who is liable for a corporation's debts and obligations? OA. the limited partners OB. the general partners OC. the corporation OD. the registered agent OE. the shareholders
Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts in its own name. Ob. It may sue and be sued. c. The acts of its owners bind the corporation. Od. It may buy, own, and sell property.
Differentiate between S and C corporations.
A governmental agency can best be described by which of the following statements? A. has a primary purpose of making a profit B. has a primary purpose of using taxpayer funds to provide services C. produces goods for sale to the public D. has regular shareholder meetings

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Which of the following forms of corporation is designed for businesses that exist to make positive social or environmental impacts? B A) S corporation B) Nonprofit corporation C) B corporation D) Professional corporation