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.

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Definitions:

Administration

In a business context, it refers to the process of managing and operating a business or organization; in a legal context, it could refer to managing the estate of a deceased person.

Equitable Title

A right to receive legal title to property upon fulfilling specific conditions, often related to contracts or trusts.

Beneficiary

An individual or entity entitled to benefits or assets under a legal instrument or arrangement, such as a trust or will.

Legal Title

Refers to the formal right of ownership over property, recognized and protected by law.