What or Who Is a Stakeholder

question 1

Multiple Choice

What or who is a stakeholder?

• A)A group that affects or can be affected by the organisation and its actions
• B)An organisation that affects or can be affected by the organisation and its actions
• C)A person that affects or can be affected by the organisation and its actions
• D)All of these choices

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them a stake in the company's profits and certain rights in its operations.

Personal Liability

The state of being legally responsible for one's debts and obligations, potentially risking personal assets in litigation or debt repayment.

Legal Administrator

A professional responsible for managing the day-to-day operations of a law firm or legal department.

Billing Procedures

The specified methods and processes set by a business or organization on how charges, payments, and invoices are issued, tracked, and collected.