Which of the Following Examples Least Represents the Definition of Social

question 76

Multiple Choice

Which of the following examples least represents the definition of social responsibility?

• A) Home Depot provides resources and volunteers for Habitat for Humanity.
• B) GE supports food banks and helps renovate homeless shelters.
• C) Military members pledge a portion of their salary to the United Way.
• D) Avon donates a portion of its profits to breast cancer research.
• E) AT&T supports education, health, and the environment through donations and volunteers.

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Definitions:

Prepaid Expense

An expense that has been paid in advance and will be recognized as an expense in a future accounting period.

Normal Balance

The side of an account, either debit or credit, where increases in the account are recorded.

Net Book Value

The value of an asset after accounting for depreciation or amortization, representing its carrying value on the balance sheet.

Adjusting Journal Entry

An accounting entry made in the books at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.