Match each term with the correct statement below.
-Modern corporations should proactively seek to act in ways that improve the welfare of society.
A) economic responsibility
B) legal responsibility
C) ethical responsibility
D) philanthropic responsibility

Question

Quizplus · Accepted Answer

Philanthropic responsibility refers to the voluntary actions that corporations take to improve the welfare of society, beyond their economic, legal, and ethical obligations.

Match Each Term with the Correct Statement Below