Stakeholder Responsibility Refers to

question 144

Multiple Choice

Stakeholder responsibility refers to

• A) the view that an organization has an obligation to those who can affect the achievement of its objectives.
• B) the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
• C) the duty of a firm to maximize profits for its owners or stockholders.
• D) the concept that no expansion or additional research and development will occur until a company is making a profit.
• E) the idea that organizations are part of a larger society and are accountable to that society for their actions.

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Definitions:

Impermeable Rocks

Rock formations that do not allow water to pass through due to their tight grain structure, such as granite or clay.

Permeable Rocks

Rocks that allow water to pass through them due to the presence of interconnected pores or fractures.

Limestone

A sedimentary rock primarily composed of calcium carbonate, often formed from the skeletal fragments of marine organisms.

Karst Topography

A terrain shaped by the dissolution of soluble rocks like limestone, featuring sinkholes, caves, and subterranean rivers.