A Social Enterprise Must Do All of the Following EXCEPT

question 1

Multiple Choice

A social enterprise must do all of the following EXCEPT

• A)register with the state as a nonprofit organization.
• B)state in its charter that it is a benefit corporation.
• C)obtain approval of its charter from two-thirds of its shareholders.
• D)measure its social benefit using a standard set by an objective third party.

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Definitions:

Potential

Refers to the capacity or ability that exists within a person or system that has yet to be utilized or expressed.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior.

Abraham Maslow

A pioneering psychologist best known for creating Maslow's hierarchy of needs, a theory in human psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Fulfil Potential

The process of realizing or achieving one's maximum capabilities or possibilities in any given area or field.