What is the purpose of a Benefit Corporation (B Corp)?
Business Structures and Concepts

Quiz
•
Business
•
12th Grade
•
Medium
Allison Levy
Used 6+ times
FREE Resource
27 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To maximize shareholder value
To explicitly include public benefit in their decisions
To sell unlimited shares to the general public
To bring together multiple companies to form one larger company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Business Format Franchise?
A franchise that allows the franchisee to use the franchisor's brand name
A franchise that gives the franchisee access to the franchisor's proprietary knowledge base
A franchise that allows the franchisee to operate and sell the franchisor's product or service
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a C Corporation (C Corp)?
A corporation that can sell unlimited shares to the general public
A corporation that is heavily regulated by the government
A corporation that reports its financial information to the public
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is consolidation?
Bringing together multiple companies to form one larger company
A business structure where all partners have decision-making power
A legal responsibility for business actions, debts, and obligations
A business structure that combines the operational characteristics of a sole proprietorship or partnership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Corporation?
A legal entity that is separate from its owners and controlled by a board of directors
A business where all partners have decision-making and management power
A business structure where one or more partners are not active
A business where individuals make commissions from sales made by their network of recruited distributors
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is expansion in business?
Increasing marketing efforts
Hiring more sales employees
Adding locations
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Franchise?
A business where a retail franchise operates inside of another, larger facility
A business where individuals make commissions from sales made by their network of recruited distributors
A business where a franchisee pays a fee to a franchisor to use the franchisor's brand name
A business where a licensee pays a royalty to a licensor to use certain intangible property
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