J.H. Marshall, the CEO of ANS Oil Drilling Inc., has decided to set aside $100,000 from the company's annual profit to donate to local nonprofit organizations. These donations are an example of:

Question

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The donations are a form of corporate philanthropy, which involves charitable contributions made by a company in support of nonprofit organizations or causes. This is different from corporate responsibility or stakeholder remuneration, which may involve actions taken to address social or environmental issues, or compensation provided to stakeholders, respectively. Stakeholder responsibility is not a commonly recognized term in the context of corporate social responsibility.

JH Marshall, the CEO of ANS Oil Drilling Inc