An Organization Is Responsible to Many Different Entities

question 4

Multiple Choice

An organization is responsible to many different entities.In order to meet the demands of these groups,organizations must participate in stakeholder management.Stakeholder management means that

• A) interests of the stockholders are not the only interests that matter.
• B) stakeholders are second in importance to the stockholders.
• C) stakeholders and managers inevitably work at cross-purposes.
• D) all stakeholders receive financial rewards.

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Definitions:

Philosophy

The study of the fundamental nature of knowledge, reality, and existence, often considered a branch of the humanities.

Taxonomy

The scientific practice of classifying organisms into ordered systems, such as kingdoms, phyla, and species, based on their natural relationships.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Pseudoscience

A claim, argument, or method that is presented as if it were scientific, but is not.