Describe What Constitutes a Stakeholder and Then Identify Which of the Following

question 46

Essay

Describe what constitutes a stakeholder and then identify which of the following would be a stakeholder for a business that uses the corporate business structure.Explain the basis for each of your choices.
a.The Internal Revenue Service
b.Mayor of town in which corporation is located
c.The Chief Executive Officer of the company
d.President of competing business.

---

Definitions:

Preferential Treatment

A situation where someone or something is given more favorable conditions or treatment over others.

Foreign Corporation

A corporation that conducts business in a state in which it is not incorporated.

Equal Employment

Equal employment refers to the principle of non-discrimination in hiring, promoting, compensating, and other employment practices, ensuring all individuals have equal opportunities regardless of various protected characteristics.

Collective Bargaining

The process whereby workers organize collectively and bargain with employers regarding the conditions of employment.