GreenStance 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

The scenario describes GreenStance as a company that prioritizes social and environmental goals over financial gains, and is verified by a third-party auditor. These are typical characteristics of a B corporation, which is a type of for-profit corporation that meets certain standards of social and environmental performance, accountability, and transparency.

GreenStance Is a Company That Designs and Implements Innovative Water