Ben & Jerry's Has Earned B-Corp Certification from B-Lab, Which

question 135

Multiple Choice

Ben & Jerry's has earned B-Corp certification from B-Lab, which means it has

• A)reached the goal of generating enough revenue to be a completely nonprofit organization.
• B)a sustainable financial basis of profitable growth, increasing value for stakeholders and expanding opportunities for development and career growth for employees.
• C)the goal of making profits for selected charitable organizations such as Fair Trade.
• D)been recognized for its efforts to use the power of business to solve social and environmental problems.
• E)been instrumental in expanding into international markets by creating dairies for developing nations.

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Definitions:

Isocost Line

A graphical representation of all the different combinations of inputs that can be purchased with a specific total cost.

Price Of Capital

The cost of using capital goods in production, which includes interest rates paid on loans or the rate of return required by investors on capital.

Price Of Labor

The wage or compensation given to workers for their labor, often determined by skill level, demand, and market conditions.

Isocost

A line representing all combinations of inputs that can be purchased for the same total cost, given input prices.