Ben & Jerry's Has Earned B-Corp Certification, Which Means It

question 222

Multiple Choice

Ben & Jerry's has earned B-Corp certification, 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 solve social and environmental problems.
• E) been instrumental in expanding into international markets by creating dairies for developing nations.

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Definitions:

Specific Identification

A method for inventory valuation where each item in inventory is identified and tracked individually.

Inventory Accounting

Inventory accounting is the process of valuing and tracking physical stock and includes methods such as FIFO (First In, First Out) and LIFO (Last In, First Out).

Merchandise Returns

Merchandise returns are transactions in which customers return previously purchased goods to the seller, usually for a refund or store credit.

Collection Efforts

The process of pursuing payments of debts owed by individuals or businesses.