Action Inc., a sports brand, gives a portion of its profits to the local sports club that offers free coaching to children from lower income groups. This donation to a community organization is an example of ________ responsibility.

Question

Quizplus · Accepted Answer

Philanthropic responsibility refers to voluntary actions taken by a business to improve the well-being of the community or society, without any legal or economic obligation to do so. In this case, Action Inc. is voluntarily donating a portion of their profits to a local sports club, which is an example of philanthropic responsibility.