Why should a business be concerned with stakeholders?Multiple ChoiceStakeholders represent a very large, broad group of people who stand to gain or lose by the actions of the business.Businesses should not have to worry about stakeholders very much, because they do not own the business.Stakeholders represent the competition of the business.None of these answers are correct.Stakeholders control the board of directors of the business
Question
Why should a business be concerned with stakeholders?Multiple ChoiceStakeholders represent a very large, broad group of people who stand to gain or lose by the actions of the business.Businesses should not have to worry about stakeholders very much, because they do not own the business.Stakeholders represent the competition of the business.None of these answers are correct.Stakeholders control the board of directors of the business
Solution
The correct answer is: "Stakeholders represent a very large, broad group of people who stand to gain or lose by the actions of the business."
This is because stakeholders can include anyone from employees, customers, suppliers, creditors, to the local community and society at large. Their interests can significantly impact the operations, profitability, and even the survival of a business. Therefore, it's crucial for businesses to consider and manage their relationships with their stakeholders.
Similar Questions
Are shareholders stakeholders?Multiple Choiceyes, but only shareholders who control at least 10 percent of the businessyes, but only shareholders who control at least 25 percent of the businessyes, but only shareholders who control more than 50 percent of the businessyesno
According to stakeholder theory, stakeholders other than shareholders:Group of answer choicesshould be encouraged to become shareholders.are irrelevant, as shareholders own the business.are important as they generally contribute value to an entity.are more important as they may not be able to afford to buy shares, leaving them vulnerable.
What is the difference between a stakeholder and a shareholder?Multiple ChoiceShareholders help share at some level in the business, whereas stakeholders have only a stake in the business.Shareholders have ownership in the business, whereas stakeholders have only a vested interested.There is no difference, because they are the same.None of these answers are correct.Stakeholders have ownership in the business, whereas shareholders have only a vested interested.
If these stakeholders did not exist, would organisations still be making decisions that are socially, environmentally and economically positive? What is the importance of the role that stakeholder's play in business decisions?
Discussion Assignment by Charles Freeman (Instructor) - Wednesday, 10 April 2024, 11:59 AM Number of replies: 0 The text defines stakeholders as: “Individuals and organizations who are actively involved in the organization or whose interests may be positively or negatively affected as a result of what the organization does” (Carpenter et. al., 2010). Every organization has stakeholders. Choose one of the companies below and identify three key stakeholders. Then discuss how the company caters for their interests and what may happen if their expectations are not met. A water utility company A multinational food company A local airport Please answer in 150 to 300 words. Use your own words - please do not copy and paste from a website. Be sure to reference your sources. Remember to post as early as possible, preferably by Sunday evening, in order to allow time for you and your classmates to discussion. Then, engage in a dialogue with your classmates on the above question and any other perspectives you have on the above topics. You are expected to make at least three response posts to the discussion board during the course of the discussion period. Review the Discussion Forum rating guidelines to see how your instructor will rate your post.
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