Flo and Glen form Health Food Inc. to coordinate the purchase, sale, and delivery of food products from organic farms to hospitals and other institutions. The stated purpose is to make a profit and to have a material positive impact on society and the environment. Health Food is

Question

Flo and Glen form Health Food Inc. to coordinate the purchase, sale, and delivery of food products from organic farms to hospitals and other institutions. The stated purpose is to make a profit and to have a material positive impact on society and the environment. Health Food is​

Quizplus · Accepted Answer

Health Food Inc. is a benefit corporation, as its stated purpose is to have a positive impact on society and the environment while also making a profit. Benefit corporations are a type of corporation that are legally required to consider the impact of their decisions on stakeholders beyond just their shareholders, such as their employees, customers, and the environment.

Flo and Glen Form Health Food Inc