Managers Carefully Balance the Needs and Interests of Various Stakeholders

question 91

Multiple Choice

Managers carefully balance the needs and interests of various stakeholders in setting goals and striving for effectiveness. This refers to

• A) scientific management.
• B) the stakeholder approach.
• C) organization theory.
• D) chaos theory.

---

Definitions:

Foreign Investor

An individual, company, or entity that invests capital in another country outside of their home country, typically to gain financial returns.

Limited Liability Company

A corporate entity framework that marries the limited liability protections of a corporation with the tax flow-through benefits of partnerships and sole proprietorships.

Membership

The state of being a member or part of a group, organization, or society, often with specific rights and responsibilities.

Dissociation

The process by which a member's involvement in an entity, such as a partnership or limited liability company, ends.