Stakeholders Typically Include Corporate Shareholders and Customers; Past, Current, and Prospective

question 10

True/False

Stakeholders typically include corporate shareholders and customers; past, current, and prospective employees and their families; supply chain partners; government agencies; the physical environment; and members of the communities in which the firm operates.

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Definitions:

Income Distribution

The way in which total income is shared among individuals or groups within an economy.

Utilitarians

A group of philosophers who believe that the best action is the one that maximizes utility, often defined as the well-being of the greatest number of people.

Liberals

A political ideology emphasizing the importance of individual liberties, democracy, and supporting social and economic interventions to promote social justice.

Libertarians

Individuals who advocate for minimal government intervention in the personal and economic lives of citizens.