A Group That Is a Stakeholder in a Business Is

question 9

Multiple Choice

A group that is a stakeholder in a business is

• A) Any group having an interest in that business
• B) Any group having a financial interest in that business
• C) Comprised of only its common shareholders and lenders
• D) Comprised of only its common shareholders and managers
• E) Any group external to a business with a financial interest in it

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Definitions:

Associate Attorney

An attorney working for a law firm who is not a partner and does not have an ownership interest in the firm. Associates are usually less experienced attorneys and may be invited to become partners after working for the firm for several years.

Staff Attorney

An attorney hired by a law firm as an employee. A staff attorney has no ownership rights in the firm and will not be invited to become a partner in the firm.

Law Clerk

An individual, usually an attorney or law school graduate, who assists a judge with researching legal opinions and drafting legal documents.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.