Which of the Following Is an Example of Fulfilling Philanthropic

question 90

Multiple Choice

Which of the following is an example of fulfilling philanthropic responsibilities?

• A) A dentist lowers his fees to make his practice more competitive.
• B) A legal firm donates large amounts of money to charities.
• C) A skateboard manufacturer builds a handicap entrance required by law.
• D) A toy manufacturer changes a product to comply with safety standards.

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Definitions:

Internal Control

Processes and procedures implemented by a company to safeguard its assets, enhance the reliability of its accounting records, and ensure compliance with laws and regulations.

Banking Activities

Operations carried out by banks, including deposits, loans, investments, and currency exchange.

Petty Cash Fund

A small amount of cash on hand that is used for covering minor expenses in a business.

Office Supplies

Items such as pens, paper, and other materials used in an office setting for daily operations.