The "Systems Approach" to Business and Society Builds on Which

question 39

Multiple Choice

The "systems approach" to business and society builds on which of the following stakeholder theory insights?

• A) That firms have relationships with many constituent groups, which both affect and are affected by the actions of the firm.
• B) That firms have relationships with many constituent groups, and that these groups must be managed to best promote value to stockholders.
• C) That although firms have relationships with many constituent groups, these groups have little impact on the ongoing management of business firms.
• D) That firms have relationships with only a few groups, such as employees, that are directly connected with business operations.

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Definitions:

Autocratic Rule

A form of government in which a single individual possesses unchecked political power and authority over state affairs.

Political And Religious Authority

The combined influence and power held by political leaders and religious figures or institutions.

European Societies

The diverse collective of cultures, languages, economic systems, and political structures within the countries of Europe.