BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Promoting the welfare of others is called ____
A
philanthropy
B
charity
C
good deeds
D
goodwill
Explanation: 

Detailed explanation-1: -Philanthropy refers to charitable acts or other good works that help others or society as a whole. Philanthropy can include donating money to a worthy cause or volunteering time, effort, or other forms of altruism.

Detailed explanation-2: -It meant “love of humanity.” Today, philanthropy means generosity in all its forms and is often defined as giving gifts of “time, talent and treasure” to help make life better for other people. You can practice philanthropy by making a monetary gift, such as a donation to a cause you believe in.

Detailed explanation-3: -Altruism is when we act to promote someone else’s welfare, even at a risk or cost to ourselves.

Detailed explanation-4: -Philanthropic responsibility refers to a corporation’s aims, goals and objectives for actively bettering society as a whole. One huge aspect of corporate philanthropy is donating money from company earnings to worthy causes within the local community-often in the form of a trust or foundation.

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