Which Type of Socially Responsible Duties Include Giving Back to Communities

question 38

Multiple Choice

Which type of socially responsible duties include giving back to communities through philanthropic activities?

• A) ethical duties
• B) altruistic duties
• C) moral duties
• D) charitable duties

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Definitions:

Account Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Compounded Monthly

The calculation of interest where the interest earned over a month is added to the principal, and this process is repeated every month.

Compounded Monthly

The process of adding interest to the principal sum of a loan or deposit, or in other words, interest on interest, on a monthly basis.

Compounded Annually

Interest on an investment or loan calculated once a year on both the initial principal and the accumulated interest from previous periods.