Which of the Following Statements Is True of Benefit Corporations

question 113

Multiple Choice

Which of the following statements is true of benefit corporations?

• A) They are the only type of corporation not treated as individuals.
• B) They are not treated as taxable entities even though they have shareholders.
• C) They are formed through the use of deferred prosecution agreements.
• D) They combine the positive aspects of a limited liability company and a partnership to form an organization that is designed to give the maximum profits to the owners of the organization.
• E) They combine aspects of non-profit and profit organizations in a way intended to permit a business to make a profit while pursuing explicit, socially oriented goals.

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Definitions:

Portable Computer

A computer designed to be easily moved from one place to another and include laptops, notebooks, and netbooks.

Machine Language

The lowest level of programming language, consisting of binary or hexadecimal codes that a computer's processor can execute directly.

Intel Chipsets

Integrated circuits designed by Intel that are used to communicate and manage the flow of data between the processor and other components within a computer.

MS-DOS

Microsoft Disk Operating System, an operating system for x86-based personal computers mostly used during the 1980s and early 1990s.