Which of the Following Is a Difference Between Corporate Philanthropy

question 140

Multiple Choice

Which of the following is a difference between corporate philanthropy and corporate responsibility?

• A) Unlike corporate philanthropy, corporate responsibility focuses on donations in the form of employee time.
• B) Unlike corporate philanthropy, corporate responsibility begins with a partnership between a business and a nonprofit.
• C) Unlike corporate philanthropy, corporate responsibility focuses on the actions of the business itself rather than donations.
• D) Unlike corporate philanthropy, corporate responsibility focuses on donations in the form of money and products.

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Definitions:

Conversion Cost

The combined costs of direct labor and manufacturing overhead, representing the expenses to convert raw materials into finished goods.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, not directly traceable to specific units produced.

Direct Labor

Labor costs that are directly attributed to the production of goods or services, such as wages for assembly line workers.

Manufacturing Overhead

Indirect costs related to manufacturing, including utilities, maintenance, and salaries of support staff.