The Definition of a Stakeholder in a Private Sector Business

question 13

Multiple Choice

The definition of a stakeholder in a private sector business is:

• A) Just the owners and managers of the business
• B) Just the owners, managers, and employees
• C) The owners, managers, employees, and customers
• D) Any individual or group that is affected by a decision of the business

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Definitions:

Unearned Rent

Income received by a landlord for a period of time that has not yet passed; considered a liability until earned.

Adjusted Trial Balance

A financial statement that lists all accounts and their balances after adjustments have been made.

Store Supplies Expense

Store supplies expense refers to the cost of materials and supplies consumed or used up in the operation of a retail store, recognized as an expense on the income statement.

Store Supplies

Materials and items used in the daily operations of a store, which do not directly enter into the production of goods.