Which of the Following Statements Is True of Stakeholders

question 78

Multiple Choice

Which of the following statements is true of stakeholders?

• A) It includes only shareholders of the company.
• B) It refers to those who are not affected by the actions of a business.
• C) It excludes a company's employees.
• D) It includes a company's suppliers and the community.
• E) Businesses have no obligations toward them.

---

Definitions:

Quantity Supplied

The total amount of a particular good or service that producers are willing and able to sell at a given price over a specific time period.

Perfectly Inelastic

A situation in demand where the quantity demanded does not change in response to a change in price; represented graphically as a completely vertical demand curve.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers at various prices.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.