Recently,a Large Insurance Company in the Midwest Made a Public

question 47

True/False

Recently,a large insurance company in the Midwest made a public commitment toward corporate philanthropy when it dedicated 3% of its profits toward the cultural and environmental concerns of the large metropolitan area that houses its corporate headquarters.The CEO stated,"In honor of several hundred employees that come to work here everyday,we want to give something back." In light of the fact that this is only helping one metropolitan area,the donation falls outside the realm of corporate social responsibility.
This is clearly "corporate philanthropy",a form of corporate social responsibility.The firm is committed toward acting responsibly within society.These acts have no physical or political boundaries.

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