Stakeholders Are

question 1

Multiple Choice

Stakeholders are:

• A) a new way to describe shareholders.
• B) individuals, groups, and organizations who have a stake in the success of the organization.
• C) creditors who hold a lien on the assets of the organization.
• D) attorneys and their clients who sue the organization.

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Definitions:

Goodwill

An intangible asset that represents the value of a business's brand, customer relations, employee morale, and other factors not reflected in physical or financial assets.

Current Asset

An asset on the company's balance sheet that is expected to be converted into cash within one year.

Long-term Asset

An asset that is not expected to be converted to cash or used up within one year of the balance sheet date.

Equipment

Tools, machinery, or apparatus designed for a specific operation or purpose.