This Question Has Two Parts; Be Sure to Answer Each

question 28

Essay

This question has two parts; be sure to answer each one.
First, what are stakeholders, and why is it important for managers to understand this concept?
Second, describe the stakeholders at a nonprofit organization, Not For Me, whose employees travel to grammar schools to talk with students about the dangers of drugs.

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Definitions:

Tort Connected

Related to civil wrongs that cause someone else to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, aiming to make business laws more consistent across states.

Rights of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party.

Disaffirm

The legal right of a party to deny or reject the validity of a contract or agreement.