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The act of a corporate to five gifts/ charitable contributions to communities, universities, etc. that do not necessarily provide any economic benefit but helps in generating goodwill among employees, customers and the local community.

Correct Answer: Corporate philanthropy

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Auditing Corporate Governance MCQ: The act of a corporate to five gifts/ charitable contributions to communities, universities, etc. that do not necessarily provide any economic benefit but helps in generating goodwill among employees, customers and the local community. | Extra Education