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. guilt payments. B. philanthropy. C. structure and strategy. D. short run profit maximization.

Answer 1

Lancer Distributing's belief in their social responsibility to their community is an example of philanthropy through cash contributions to nonprofit organizations.

Step-by-step explanation:

Corporate Social Responsibility (CSR) refers to a business approach that incorporates the ethical, social, and environmental impacts of a company's operations into its business strategy. CSR is a framework through which businesses aim to contribute to sustainable development by considering the interests of various stakeholders, including employees, customers, suppliers, communities, and the environment. Companies engaged in CSR typically go beyond their legal obligations and proactively take steps to have a positive impact on society.

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 philanthropy.