Stakeholder Responsibility Is The

question 28

Multiple Choice

Stakeholder responsibility is the:

• A)duty of a firm to maximize profits for its owners or stockholders.
• B)view that the first and foremost obligations of a firm is to meet the objectives set by its stockholders and board of directors.
• C)view that an organization has an obligation to those constituencies that can affect achievement of its objectives.
• D)obligation of a firm to price its goods or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.

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Definitions:

Year Ended

Refers to the conclusion of a 12-month accounting period, marking the end of a company's financial year.

Natural Resources

Raw materials that are sourced from the environment and utilized for economic gain, such as minerals, forests, and water.

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as departments or products.

Acquisition

The process of acquiring control of another company or business asset through purchase, merger, or another method.