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

question 24

Multiple Choice

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

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by a corporation, typically used for the financing of payroll, accounts payable, and inventories, and meeting other short-term liabilities.

Organizational Chart

A visual representation that details the structure of an organization, outlining roles, responsibilities, and relationships between various positions.

Cash Manager

A Cash Manager is a financial professional responsible for overseeing and managing the cash flow of a company to ensure optimal utilization and liquidity.

Payables Manager

A professional responsible for managing an organization's outgoing payments and financial obligations.