Which of the Following Statements Is Correct

question 32

Multiple Choice

Which of the following statements is correct?

• A) Internal stakeholders are the most important stakeholders in the strategic development of an organisation.
• B) Individual external stakeholders are the most important stakeholders in the strategic development of an organisation.
• C) Few individuals have sufficient power unilaterally to determine the strategy of an organisation.
• D) Normally only a few individuals have sufficient power to determine unilaterally the strategy of an organisation.

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Definitions:

Incapacitation

A state of being unable to act or make legal decisions due to physical or mental limitations.

Undisclosed Principal

A principal whose existence is not known by a third party. That is, the third party does not know that an agent is acting on behalf of a principal.

Agent

An individual or entity authorized to act on behalf of another (known as the principal) in dealings with third parties, creating a legal relationship called agency.

Authority

The power or right to give orders, make decisions, and enforce obedience, or a person or organization having such power.