Which statement best describes philanthropic CSR?

Prepare for the CIMA Managing Finance in a Digital World (E1) Exam. Use multiple choice questions and study aids to enhance your knowledge. Get exam-ready with our insights and tips!

Multiple Choice

Which statement best describes philanthropic CSR?

Explanation:
Philanthropic CSR is about voluntarily going beyond what ethics, economics, and law require to support society through charitable giving and community involvement. The statement that best describes it says the organization desires to exceed ethical responsibilities through charity and community support, which captures this voluntary, benevolent aspect. The other ideas focus on costs, legal compliance, or doing only what the law requires, which are not about charitable acts or community giving.

Philanthropic CSR is about voluntarily going beyond what ethics, economics, and law require to support society through charitable giving and community involvement. The statement that best describes it says the organization desires to exceed ethical responsibilities through charity and community support, which captures this voluntary, benevolent aspect. The other ideas focus on costs, legal compliance, or doing only what the law requires, which are not about charitable acts or community giving.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy