______ Stakeholders Are Internal to the Firm

question 45

Multiple Choice

______ stakeholders are internal to the firm.

• A)Organizational
• B)Economic
• C)Societal
• D)Personal

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Definitions:

Oppressed Minorities

Groups within society that face systematic discrimination, marginalization, and denial of their rights, often based on ethnic, racial, religious, or gender identity.

Income Effect

The change in an individual's or economy's income and how that change affects the quantity demanded of a good or service.

Substitution Effect

The substitution effect occurs when consumers replace pricier items with less expensive alternatives as prices rise.

Economic Rent

The payment to an owner or factor of production in excess of the costs needed to bring that factor into production, essentially a surplus amount.