PUR Water is a company that designs and implements innovative water purification solutions using simple and inexpensive methods.All its decision-making focuses on a better environment.While the company manages to make profits,its vision is set beyond financial gains.Its adherence to its goals is verified by a third-party auditor.Which of the following types of corporations does this scenario illustrate?
A)B corporation
B)S corporation
C)Employee-owned corporation
D)Not-for-profit corporation

Question

Quizplus · Accepted Answer

A B corporation (Benefit Corporation) is designed to balance purpose and profit, focusing on positive impacts on society, workers, the community, and the environment, in addition to profit. This is in line with PUR Water's focus on innovative water purification for a better environment and its commitment to goals beyond financial gains, verified by third-party auditors.

PUR Water Is a Company That Designs and Implements Innovative