What Is the Difference Between Corporate Responsibility and Philanthropy

question 68

Multiple Choice

What is the difference between corporate responsibility and philanthropy?

• A) Corporate responsibility means to follow the law as it pertains to carbon emissions, natural resource use, and waste management.
• B) Corporate responsibility focuses on the action of the business itself rather than donations of money and time.
• C) Philanthropy is when a company changes its business practices to better serve its low-income customers.
• D) Philanthropy means to align company goals with those of a non-profit firm so as to improve revenue.

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Definitions:

Adaptive Value

The extent to which a genetic trait or behavior enhances the survival or reproductive success of an organism in its environment.

Terrestrial Insects

Insects that live primarily on land rather than in water or air, with adaptations to various terrestrial environments.

Tracheae

A network of small tubes in insects and some arachnids that facilitates respiratory gas exchange directly with body cells.

Gas Exchange

The biological process through which organisms exchange gases with their environment, including the intake of oxygen and the release of carbon dioxide.