BCORP Global Movement and Community 5

Question 1

What distinguishes a B Corp from a benefit corporation?

Accepted Answer

B Corp is a certification from B Lab; benefit corporation is a legal business structure available in many US states

Answer

A B Corp is a certified company that meets B Lab's standards, while a benefit corporation is a legal entity type that exists independently of certification.

Question 2

Which of the following best describes how B Corps contribute to building a more inclusive economy?

Accepted Answer

By prioritizing hiring, fair wages, and supplier diversity for underrepresented communities

Answer

B Corps promote inclusive economies through equitable hiring, living wages, and sourcing from diverse suppliers.

Question 3

How does B Lab's governance model reflect the values of the B Corp movement?

Accepted Answer

B Lab itself operates as a mission-driven nonprofit with multi-stakeholder input into standards

Answer

B Lab is a nonprofit that involves stakeholders including B Corps, civil society, and experts in shaping its standards and governance.

Question 4

What message does a company send to the market by achieving B Corp certification?

Accepted Answer

That it meets rigorous verified standards of social, environmental, and governance performance

Answer

B Corp certification signals to customers, investors, and partners that a company has been independently verified to meet high standards across multiple impact dimensions.

Question 5

Which of the following statements about the B Corp movement's growth is accurate?

Accepted Answer

The movement has expanded rapidly across industries and continents since its founding in 2006

Answer

Since B Lab's founding in 2006, the B Corp movement has grown to thousands of companies across more than 80 countries and dozens of industries.

(BCORP) Certified B Corp Practice Test

(BCORP) Certified B Corp Practice Test

BCORP Global Movement and Community 5