An Organization Is Responsible to Many Different Entities

question 5

Multiple Choice

An organization is responsible to many different entities. In order to meet the demands of these groups, organizations must participate in stakeholder management. Stakeholder management means that

• A) interests of the shareholders are not the only interests that matter.
• B) stakeholders are second in importance to the shareholders.
• C) stakeholders and managers inevitably work at cross-purposes.
• D) all stakeholders receive financial rewards.

---

Definitions:

Changes

Variations or alterations in state, form, or position, leading to a different condition.

Gerontology

The study of the aging process and the medical, psychological, and social issues that affect older adults.

Geriatrics

A branch of medicine focusing on health care for the elderly, dealing with diseases, disabilities, and problems specific to aging.

Elderly Patients

Individuals of advanced age, often considered to be 65 years and older, who may require special medical care due to various health conditions.