Question

A year ago, Kevin went to work for B&G, Inc. He has worked for the finance department ever since he started. He noticed that the corporation was only taxed as though it were a partnership. This was something that he found very odd when he first started working for the company, but he later realized it was a fairly common practice. He recognized that this was one of the advantages of this type of corporation.While the job was challenging, Kevin was not happy. He wanted to work for a company whose main goal was to provide service to the community, not to make a profit. However, Kevin felt that, considering his present financial situation, he had to continue working for B&G, Inc. A week later, Kevin discovered there was going to be a merger between B&G, Inc. and one of its major competitors. Kevin's boss informed him that he would be getting a promotion and a raise. While he was excited about making more money, he still was not happy. He knew then that he would not be working for the company for long.Refer to B&G, Inc. Which of these features does not belong to this type of corporation?

Answer 1

Answer:

d. Not-for-profit corporation

Explanation:

Kevin's job was challenging and he was not happy. Although Kevin was quite excited about making money when he got promoted and a raise by his boss at B&G, Inc, Kevin still preferred to work in a company whose main goal was to provide service to the community, not to make a profit. He, therefore, decided to switch to a Not-for-profit corporation.