Mr. Liang, a wealthy businessman who made his fortune in the oil industry, understands the importance of a college education, so he has donated over $10 million over the last several years to colleges and universities. Mr. Liang's actions are an example of:_______a. Philanthropy.b. Sustainability.c. Servant leadership.d. Social responsibilitye. Corporate governance.
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Mr. Liang's actions of donating over $10 million to colleges and universities exemplify:
a. Philanthropy
Philanthropy refers to the act of donating money, goods or services to promote the welfare of others or to support charitable causes. Mr. Liang's donations toward colleges and universities demonstrate his philanthropic efforts aimed at supporting education and contributing to the betterment of society through charitable giving.