_____ Corporate Social Responsibility (CSR) Is a Philanthropic Approach to CSR

question 69

Short Answer

_____ corporate social responsibility (CSR) is a philanthropic approach to CSR in which organizations underwrite specific initiatives to give back to the company's local community or to designated national or international programs.

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Definitions:

Guanxi

A Chinese term representing the intricate network of relationships that individuals cultivate for mutual benefit, especially in business contexts.

Personal Connections

Relationships or networks formed between individuals based on mutual interests, shared values, or professional affiliations.

Foreign Currency Valuations

The process of determining the value of foreign currencies in comparison to one's own currency for financial reporting and trading.

Globalizing Operations

The process of expanding business operations across international borders, aiming for a global presence and market.