The Stakeholder Approach Recognises the Long-Term Interest of Not Only

question 15

Multiple Choice

The stakeholder approach recognises the long-term interest of not only shareholders but:

• A) management,employees,suppliers,customers,debt holders
• B) management,employees,customers,suppliers,trade unions
• C) competitors,employees,suppliers,customers,bankers
• D)government,employees,buyers,suppliers,debt holders

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Definitions:

Total Costs

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Total Revenue

The overall income generated by a firm from its sales activities before any costs or expenses are subtracted.

Normal Return

The minimum profit necessary for a company to remain in business, often equated to covering opportunity costs.

Total Fixed Costs

The sum of all costs required to produce any output, assuming they remain constant regardless of the level of production.