McDonald's founding and support of the Ronald McDonald House,which house families whose critically ill children require treatment away from home is an example of:
A) Corporate philanthropy
B) Corporate responsibility
C) Corporate policy
D) All of the responses are correct

Question

Quizplus · Accepted Answer

McDonald's founding and support of the Ronald McDonald House is an example of corporate philanthropy, which involves a company providing support or funding to charitable organizations or causes. Corporate responsibility, on the other hand, refers to a company's obligations to act ethically and responsibly towards its stakeholders, including employees, customers, and the broader community. While McDonald's may also demonstrate corporate responsibility in other ways, such as through sustainable sourcing practices or employee benefits, the Ronald McDonald House specifically falls under the category of corporate philanthropy. Corporate policy refers to a company's formal policies or procedures governing its activities, and is not directly related to charitable giving or social responsibility.

McDonald's Founding and Support of the Ronald McDonald House,which House