Question

Corporate philanthropy:

Question 17 options:

	1) is the practice of limiting investments to companies that behave in accordance with the investors’ code of ethics
	2) is defined as the corporation’s responsibility to satisfy the needs of its investors
	3) can be either a cash or a noncash donation
	4) is not a way that many companies today express their social responsibilities
	5) is defined by none of the above

Answer 1

Answer: Option 3) can be either a cash or a noncash donation.

Corporate philanthropy refers to a corporation making contributions or donations for charitable purposes by way of either cash or kind and hence option 3 is the correct answer.

Corporate philanthropy does not refer to investments and hence option 1 is incorrect.

It’s focus is not only its investors but rather the society or community. Hence option 2 is incorrect.

Corporate philanthropy and corporate social responsibilities are often used interchangeably hence, option 4 is incorrect.