ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They do not operate for a social purpose
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Operate for the wellbeing of their members:customers, employees, suppliers
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There is one owner of the business
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None of the above
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Detailed explanation-1: -A lack of tax breaks Charities can claim tax relief on income, capital gains and profits. It means they can raise more money for the causes they represent. Another advantage is that charities tend to be eligible for a discount on business rates.
Detailed explanation-2: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.
Detailed explanation-3: -Philanthropic Responsibility If a business is making significant profits it is the business responsibility that it should be philanthropic towards the society by donating funds or its goods and services. It’s the philanthropic responsibility of the business to help different groups of the society.