Question

Which of the following describes charitable donations by corporations to nonprofit organizations?

a) Taxable expenses
b) Profit generation
c) Corporate social responsibility
d) Government subsidies

Answer 1

Charitable donations by corporations to nonprofit organizations are considered corporate social responsibility, not taxable expenses or profit generation.

Step-by-step explanation:

Charitable donations by corporations to nonprofit organizations are typically considered corporate social responsibility. Corporate social responsibility refers to the ethical and voluntary actions taken by companies to contribute to the well-being and development of society.

These donations are not taxable expenses, as they are not considered ordinary and necessary for the operation of the business, but rather a company's choice to give back to the community. Profit generation is not the primary motive behind charitable donations, although it can indirectly impact a company's reputation and customer loyalty.