1. A flexible purpose corporation will have broader social purposes than a benefit corporation? True or False

2. The shareholders of a benefit corporation can hold the board of directors accountable if the corporation fails to create a material positive impact on society or fails to consider the impact of decisions on the employees, community, or environment. Ture or False

3. Under the default tax rules, a flexible purpose corporation must pay tax on its income. True or False

4. Because a B Corp has obligations to produce public benefits, a B Corp will receive tax-favored treatment. True or False