Which of the Following Statements Is Not True Concerning Secondary

question 32

Multiple Choice

Which of the following statements is not true concerning secondary stakeholders?

• A) Secondary stakeholders are those who have only an indirect stake in the corporation, but who are affected by corporate activities.
• B) Secondary stakeholders may include non-governmental organizations (like Greenpeace) and trade associations.
• C) Because the corporation's relationship with each of these stakeholders is usually not covered by any written or verbal agreement, there is room for misunderstanding.
• D) Aside from competitors, secondary stakeholders are not usually monitored by the corporation in any systematic fashion.
• E) Secondary stakeholders have sufficient bargaining power to directly affect the corporation's activities.

Describe the components of a fair hearing within the context of administrative law.

Recognize situations where legal recourse against administrative decisions is available.

Compare litigation with alternative dispute resolution methods.

Assess the challengeability of decisions made by government bureaucrats.

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Definitions:

Contribution Margin

The portion of sales revenue that exceeds variable costs, serving to cover fixed expenses and contribute to profits.

Fixed Manufacturing Cost

Involves the expenses that do not fluctuate with the level of production, such as rent for factory premises, salaries of permanent employees, and depreciation of factory equipment.

Relevant Range

The band of normal activity level or volume in which specific cost and revenue relationships hold true.

Mixed Costs

Expenses that have both fixed and variable components, changing in total with the level of activity but not in a directly proportional manner.