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:

Acquired Assets

Assets obtained through purchase or merger, typically contributing to the owner's financial position.

Appraised

The process of estimating the value of an asset or property, often conducted by a professional appraiser.

Allocated Cost

Expenses that have been assigned to a specific product, service, department, or project.

Purchased Property

Real estate or land acquired by a company or individual as an investment or for business operations.