Multiple Choice
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
A) a nonprofit corporation.
B) not a corporation.
C) a benefit corporation.
D) a private corporation.
Correct Answer:

Verified
Correct Answer:
Verified
Q39: The articles of incorporation can exclude or
Q40: In most states, an individual can be
Q41: Ernie is a director of Five-Star Properties,
Q42: In some situations, a majority shareholder owes
Q43: Each director present at a board meeting
Q45: Charlie, Dora, and Ethel are the first
Q46: Dane is a director of Eco Packing
Q47: A de jure corporation is one that
Q48: Faye and Grant are shareholders of Hearthside
Q49: Not all directors have a right to