Patagonia makes outdoor apparel for people in what it calls “silent sp

QUESTION

Patagonia makes outdoor apparel for people in what it calls “silent sports. None requires a motor; none delivers the cheers of a crowd.” The company hopes to elicit “hard-won grace and moments of connection between us and nature.”

It donates 1 percent or more of its sales to support grassroots environmental organizations. What kind of company is Patagonia?
A) a limited liability company
B) an S corporation
C) a B corporation
D) a C corporation
E) a cooperative

ANSWER

Answer: C
Explanation: C) Patagonia is registered as a B corporation, whose corporate charter legally requires that the company adhere to socially beneficial practices.