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:

Demand Payment

A request for the payment of money owed, usually in a formal or legal context.

Within Days

A phrase indicating that a specific action or event is to occur within a defined number of days from a certain point in time.

Partnership

A partnership is a legal form of business operation between two or more individuals who share management and profits.

Lease Agreement

A legal contract between a landlord and tenant, outlining the terms under which the tenant can rent property from the landlord.