A(n)__________ is a for-profit corporation that uses the power of business to solve social and environmental problems.
A) C corporation
B) S corporation
C) B corporation
D) Benevolent Recognized Group

Question

Quizplus · Accepted Answer

A B corporation is a type of for-profit corporation that has a legally defined goal of creating a positive social or environmental impact, in addition to earning profits for shareholders. This certification ensures that the company meets certain social and environmental performance standards and is therefore committed to doing good for society and the planet. A and B are traditional for-profit corporations, while D is not a recognized term in the business world.

A(n)__________ Is a For-Profit Corporation That Uses the Power of Business