Question

Jim&Jenny Inc., an investment service firm, regularly donates to nonprofit organizations for various social causes and events. This scenario illustrates that the company is fulfilling its _____.

Answer 1

Jim&Jenny Inc., an investment service firm, regularly donates to nonprofit organizations for various social causes and events. This scenario illustrates that the company is fulfilling its Corporate social responsibility.

Explanation:

A policy that an organisation follows through which it involves in some charitable activities or contributes something to the society in fulfilling its social goal refers to corporate social responsibility. It can be considered as an ethical strategy that is followed by an organization. It was also considered as a mandatory practice by many organisation operating at different levels.

In the example given, the organisation named Jim&Jenny Inc denotes to non profit organisation for many social causes and events. Hence this scenario can be considered as a corporate social responsibility of that firm and hence it is fulfilling it.