The First Step of Managing External Stakeholder Relationships Is to Identify

question 47

Multiple Choice

The first step of managing external stakeholder relationships is to identify who the stakeholders are.The second step is to ________.

• A)determine what specific approach should be used to manage the stakeholder relationship
• B)determine what the courts might do when a stakeholder files a claim against the organisation
• C)determine what particular interests or concerns these stakeholders might have
• D)determine how many stakeholders there are in each stakeholder group
• E)establish explicit stakeholder partnerships

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Definitions:

Stockholders' Equity

Ownership equity represented by the leftover interest in a corporation's assets once its liabilities have been subtracted.

Account Receivable

Represents money owed to a business by its customers for goods or services delivered but not yet paid for.

Total Liabilities

Total Liabilities represent the sum of all financial obligations a company owes to outside parties, including loans, accounts payable, and mortgages.

Note Payable

A financial obligation or loan evidenced by a written promise to pay a specific amount on a future date or over a certain period.