Stakeholder Responsibility Refers to

question 144

Multiple Choice

Stakeholder responsibility refers to

• A) the view that an organization has an obligation to those who can affect the achievement of its objectives.
• B) the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
• C) the duty of a firm to maximize profits for its owners or stockholders.
• D) the concept that no expansion or additional research and development will occur until a company is making a profit.
• E) the idea that organizations are part of a larger society and are accountable to that society for their actions.

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Definitions:

Interpersonal Communication

The exchange of information, feelings, and meanings between two or more people through verbal and/or non-verbal methods.

Feedback

Information received about the effect of an action or decision, which can be used to adjust future actions or decisions.

Practice

Repeated exercise or performance of an activity or skill so as to acquire or maintain proficiency in it.

Active Listening

A communication technique that involves paying full attention to the speaker, understanding their message, and responding thoughtfully.