The First Step in Stakeholder Impact Analysis Involves

question 73

Multiple Choice

The first step in stakeholder impact analysis involves

• A) formulating a stakeholder strategy to balance the different needs of various stakeholders.
• B) identifying the opportunities and threats the stakeholders present.
• C) describing the economic, legal, ethical, and philanthropic responsibilities of the firm toward society.
• D) identifying the stakeholders that currently have, or potentially can have, a material effect on a company.

---

Definitions:

Marginal Product

The additional output resulting from one more unit of a given input, holding all other inputs constant, in the production process.

Capital Owners

Individuals or entities that own assets that can be used to produce goods or services and potentially generate income.

Stay-at-home Fathers

Men who choose to remain at home to care for their children and manage household duties instead of working for pay outside the home.

Workplace

Refers to any location, environment, or setting where individuals engage in work-related activities or occupations.