Question
Large corporations often spend significant amounts of money every year on charitable contributions to a number of causes. While this long-established practice continues, so does
Large corporations often spend significant amounts of money every year on charitable contributions to a number of causes. While this long-established practice continues, so does the debate as to its ethical value in some quarters. Some people believe it is not just the right, but the social duty of for-profit corporations and other businesses to contribute money to worthy causes as a means of giving back something of tangible value for the profits they reap from society as a whole. Others believe that corporate contributions are an improper use of money that rightfully should be distributed to shareholders as dividends from corporate profits, and that making such charitable gifts without shareholder consent constitutes a misuse of corporate assets. What do you think? Explain your answer fully
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started