Question

Certified b corporations not only have public recognition of their ethical focus, but also receive tax breaks for going through the certification process.

a. true
b. false

Answer 1

False. Certified B corporations do not receive tax breaks for going through the certification process.

Step-by-step explanation:

The statement is false. While certified B corporations are recognized for their ethical focus, they do not receive tax breaks for going through the certification process.

B Corps are for-profit companies that have undergone a rigorous assessment to meet specific environmental, social, and governance standards. These standards are set by B Lab, a non-profit organization that grants B Corp certification. B Corps aim to balance purpose and profit, but the certification process itself does not grant tax breaks.

Instead, some governments offer tax credits or incentives to businesses that engage in socially responsible practices, but these are separate from the B Corp certification process.