Question

Top management at Lancer Distributing is convinced that they have a social responsibility to their community. They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. This is an example of corporate:

a) Philanthropy
b) Profit maximization
c) Social marketing
d) Volunteerism

Answer 1

Lancer Distributing's belief in their social responsibility to the community and their decision to make cash contributions to nonprofit organizations is an example of corporate volunteerism.

Step-by-step explanation:

In this case, the belief that Lancer Distributing has a social responsibility to their community and can have the greatest impact through cash contributions to nonprofit organizations is an example of corporate volunteerism.

Corporate volunteerism refers to when a company actively participates in community service or philanthropic activities to benefit the community in which it operates. In this scenario, Lancer Distributing recognizes its responsibility to contribute to the well-being of the community by financially supporting nonprofit organizations.

By making cash contributions to nonprofits, Lancer Distributing is fulfilling its social responsibility by using its resources to address key issues in the community and make a positive impact.