Which of the Following Is the Practice of Charitable Giving

question 22

Multiple Choice

Which of the following is the practice of charitable giving by corporations?

• A) financial empowerment
• B) ethical responsibility
• C) economic responsibility
• D) corporate philanthropy

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Definitions:

Recordable Transaction

A transaction that must be entered into the financial records of a company because it affects the financial position.

Cleaning Service

A business that provides cleaning and maintenance services for commercial or residential properties.

Note Payable

A written promise to pay a specific sum of money, either on demand or at a fixed or determinable future time.

Dividend Declarations

Announcements by a company's board of directors to distribute a portion of earnings to shareholders as dividends.