The Effort of Business to Make a Social Contribution to Society

question 52

Multiple Choice

The effort of business to make a social contribution to society is referred to as:

• A) Corporate giving
• B) Corporate Social Responsibility
• C) Cause related marketing
• D) Corporate Philanthropy
• E) Corporate Social Engagement

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Definitions:

Fixed Costs

Financial obligations like rent, salaries, and insurance premiums that do not fluctuate with changes in production or sales levels.

Sales Data

Information and statistics related to the sale of goods and services, used by businesses to analyze performance, forecast trends, and make strategic decisions.

Composite Unit

A measurement representing a combination of different but related items, often used in production or inventory management to simplify tracking and analysis.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither a profit nor a loss.