Last year, the McJellyBelly Corporation provided the American Red Cross $5 million targeted for the Boulder/Longmont/Lyons,...

Last year, the McJellyBelly Corporation provided the American Red Cross $5 million targeted for the Boulder/Longmont/Lyons, Colorado area which will need funds to help this area recover from the natural disaster that struck there. From a Corporate social responsibility standpoint, we would consider these funds as ___________________.

A. Corporate policy C. Taxation without representation

B. Corporate philanthropy D. Compliance funds

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Expert Solution

B) Corporate philanthropy

Explanation: Corporate philanthropy is an act of corporation to promote welfare by donating funds at time. In this case a donation of $5 million is done for a social cause by the corporate.

jeff jeffy answered 2 years ago

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