{"id":2966,"date":"2023-02-19T16:11:13","date_gmt":"2023-02-19T16:11:13","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-7-3-corporations\/"},"modified":"2023-07-21T16:01:37","modified_gmt":"2023-07-21T16:01:37","slug":"apply-it-7-3-corporations","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-7-3-corporations\/","title":{"raw":"Apply It 7.3: Corporations","rendered":"Apply It 7.3: Corporations"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the differences between C and S corporations&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:12672,&quot;10&quot;:0,&quot;11&quot;:4,&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the differences between C and S corporations<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand what a benefit corporation is&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:12672,&quot;10&quot;:0,&quot;11&quot;:4,&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand what a benefit corporation is<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the advantages and disadvantages of corporations&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:12672,&quot;10&quot;:0,&quot;11&quot;:4,&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the advantages and disadvantages of corporations<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the advantages and disadvantages of a limited liability company (LLC)&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15171,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;9&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the advantages and disadvantages of a limited liability company (LLC)<\/span><\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2>Why B Corps Matter<\/h2>\r\n<section class=\"textbox example\"><iframe src=\"\/\/plugin.3playmedia.com\/show?mf=9882521&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=tlxZjnBEsaI&amp;video_target=tpm-plugin-t3d7ktfb-tlxZjnBEsaI\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhyBCorpsMatter.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhy B Corps Matter\u201d here (opens in new window).<\/span><\/a><\/p>\r\nOne thing that corporations have in common is shareholders. In this video, business people talked about how goals such as sustainability might increase costs. Are B Corp goals in conflict with maximizing shareholder profits?\r\n[reveal-answer q=\"163928\"]Click to Show Sample Answer[\/reveal-answer]\r\n[hidden-answer a=\"163928\"]Opinions will vary. However, it is important to note that B Corps are legally required to consider the impact of their decisions on all stakeholders, including employees, customers, suppliers, the community, and the environment. This means that B Corps prioritize creating a positive impact for society and the environment, not just maximizing profits for shareholders.[\/hidden-answer]\r\n\r\n<\/section>&nbsp;","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the differences between C and S corporations&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:12672,&quot;10&quot;:0,&quot;11&quot;:4,&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the differences between C and S corporations<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand what a benefit corporation is&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:12672,&quot;10&quot;:0,&quot;11&quot;:4,&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand what a benefit corporation is<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the advantages and disadvantages of corporations&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:12672,&quot;10&quot;:0,&quot;11&quot;:4,&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the advantages and disadvantages of corporations<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the advantages and disadvantages of a limited liability company (LLC)&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15171,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;9&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the advantages and disadvantages of a limited liability company (LLC)<\/span><\/li>\n<\/ul>\n<\/section>\n<h2>Why B Corps Matter<\/h2>\n<section class=\"textbox example\"><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=9882521&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=tlxZjnBEsaI&amp;video_target=tpm-plugin-t3d7ktfb-tlxZjnBEsaI\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhyBCorpsMatter.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhy B Corps Matter\u201d here (opens in new window).<\/span><\/a><\/p>\n<p>One thing that corporations have in common is shareholders. In this video, business people talked about how goals such as sustainability might increase costs. Are B Corp goals in conflict with maximizing shareholder profits?<\/p>\n<div class=\"qa-wrapper\" style=\"display: block\"><button class=\"show-answer show-answer-button collapsed\" data-target=\"q163928\">Click to Show Sample Answer<\/button><\/p>\n<div id=\"q163928\" class=\"hidden-answer\" style=\"display: none\">Opinions will vary. However, it is important to note that B Corps are legally required to consider the impact of their decisions on all stakeholders, including employees, customers, suppliers, the community, and the environment. This means that B Corps prioritize creating a positive impact for society and the environment, not just maximizing profits for shareholders.<\/div>\n<\/div>\n<\/section>\n<p>&nbsp;<\/p>\n","protected":false},"author":21,"menu_order":19,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"Why B Corps Matter\",\"author\":\"Guayaku00ed Yerba Mate\",\"organization\":\"\",\"url\":\"https:\/\/youtu.be\/tlxZjnBEsaI\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"}]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":2947,"module-header":"apply_it","content_attributions":[{"type":"copyrighted_video","description":"Why B Corps Matter","author":"Guayaku00ed Yerba Mate","organization":"","url":"https:\/\/youtu.be\/tlxZjnBEsaI","project":"","license":"arr","license_terms":"Standard YouTube License"}],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2966"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/users\/21"}],"version-history":[{"count":8,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2966\/revisions"}],"predecessor-version":[{"id":7464,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2966\/revisions\/7464"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/parts\/2947"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2966\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/media?parent=2966"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=2966"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/contributor?post=2966"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/license?post=2966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}