A Gift Is a Voluntary Transfer of Property Without Payment

question 7

True/False

A gift is a voluntary transfer of property without payment of consideration by the donee.

---

Definitions:

Corporate Altruism

The practice of businesses voluntarily engaging in philanthropic activities and making decisions that benefit society as a whole, beyond what is required for profit maximization.

Cause Marketing

A type of corporate social responsibility, in which a company's promotional campaign has the dual purpose of increasing profitability while bettering society.

Avon Breast Cancer Crusade

A program initiated by Avon Products, Inc. to raise awareness and funds for breast cancer research and access to care.

Philanthropic Marketing

Marketing efforts that involve charitable activities or donations to support social causes.