Which of the Following Statements Regarding Employees as Stakeholders Is

question 24

Multiple Choice

Which of the following statements regarding employees as stakeholders is incorrect ?

• A)Managers are considered employees.
• B)Employees are individuals who work for the corporation.
• C)Part-time employment is becoming a more common strategy to hiring employees.
• D)All primary stakeholders can be considered employees.
• E)Employees are considered one of the more obvious and,perhaps,most important stakeholders.

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Definitions:

Damages

Compensation claimed or awarded in court for a loss or injury as a result of breach of contract or tort.

Entry Restrictions

Regulations or barriers that prevent new competitors from easily entering an industry or area of business.

Revenue Function

A mathematical relationship describing how a firm’s total revenue changes with variations in output or sales.

Total Profits

The entirety of financial gains earned by a business after subtracting all costs and expenses from total revenues.