Golden Lumber Inc

question 78

Multiple Choice

Golden Lumber Inc. sees its profits drop during a recession. To benefit stockholders and to make the company more attractive to potential new stockholders, Golden decides to reduce costs. Which stakeholder group is probably most adversely affected by this cost cutting?

• A)board of directors
• B)customers
• C)managers
• D)employees

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Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Executives

High-level managers or officers in an organization responsible for making major decisions and overseeing operations.

Cultural Differences

Cultural differences refer to the diverse beliefs, behaviors, languages, practices, and expressions considered unique to members of a specific ethnicity, society, or nation.

Managers

Individuals responsible for planning, directing, and overseeing the operations and employees within an organization or part of an organization.