Week 7 Flashcards
1
Q
What makes a nonprofit a nonprofit?
A
Non-distribution constraint. Profits are not given back as dividends. They must be reinvested.
2
Q
What makes a cooperative a cooperative?
A
Can distribute profits. One vote per owner. All members are owners. Driven by serving the needs of the owners.
3
Q
What is a benefit corporation?
A
Dual objective. For profit, but has a social and/or environmental purpose.
