The Success of a Firm Is Linked to Its Stakeholders

question 60

Multiple Choice

The success of a firm is linked to its stakeholders. This group includes _____.

• A) communities in which they operate
• B) suppliers
• C) employees
• D) All of these are correct

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Definitions:

Duty of Care

A legal obligation requiring individuals to adhere to a standard of reasonable care while performing acts that could foreseeably harm others.

Caustic Substance

A chemical material capable of burning, corroding, or destroying living tissues.

Duty of Care

A legal obligation requiring individuals to exercise a reasonable level of care and caution to avoid harm to others.

Negligence

Failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability.