The Introduction to Your Textbook Discusses Stakeholders

question 7

Multiple Choice

The introduction to your textbook discusses stakeholders.Which one of the following would be the best definition of stakeholders?

• A)people who have an interest in the organization
• B)people who own shares in a company
• C)people who picket a company
• D)all of these

---

Definitions:

Machine Hours

A measure of the amount of time a machine is operated in the production process.

Avoidable Costs

Avoidable Costs are expenses that can be eliminated if a particular decision is made, such as discontinuing a product or service.

Future Costs

Expenses or expenditures that are expected to be incurred in future accounting periods.

Fixed Costs

Regular, constant expenses that a business incurs regardless of the level of goods or services produced.