The Difference Between an L3C and Other Types of Businesses

question 23

Multiple Choice

The difference between an L3C and other types of businesses is that:

• A)L3Cs are chartered by the government and all profits are retained by the government.
• B)L3Cs do not pursue profit, but instead seek social goals.
• C)L3Cs explicitly take on a social mission as well as profit-seeking.
• D)L3Cs cannot accept government funding of any kind.

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Definitions:

Directly

In a straightforward or clear manner, without deviation or intermediary.

Effective

Producing the intended or desired result with efficiency.

Direct Claim Messages

Communications that assert a request or demand for action, typically in a straightforward and clear manner.

Main Idea

The central thought or point that an author is trying to convey, typically supported by details or arguments presented in the text.