Which of the Following Is True of Benefit Corporations in the United

question 38

Multiple Choice

Which of the following is true of benefit corporations in the United States?

• A) They are nonprofit organizations.
• B) They have an additional focus beyond making money.
• C) They are illegal entities.
• D) They focus on the needs of their shareholders rather than the society.

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Definitions:

Leadership Position

A status or role within an organization or market characterized by influence, authority, and the ability to guide or direct others.

Ethnocentrism Bias

A tendency to view one's own culture or ethnic group as superior to others, leading to judgment and bias in assessments.

Equity Mode

An investment strategy or approach that involves taking ownership stakes, typically in the form of stocks, in companies rather than lending money to them.

Joint Ventures

Business arrangements where two or more parties collaborate on a project, sharing risks and rewards.