Critics of the Stakeholder Model Argue That It

question 70

Multiple Choice

Critics of the stakeholder model argue that it:

• A) creates prosperity at the cost of rising inequality.
• B) primarily represents the perspective of the business and government.
• C) seeks to give power to the powerless by replacing force with ethical duty.
• D) has received little support from leading global organizations.

Understand the alignment between human resources practices and business strategy.

Identify factors that contribute to a unique and inimitable corporate culture.

Comprehend the different views on corporate social responsibility (CSR) and its impact on businesses.

Recognize the role of human resources in creating a competitive advantage.

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Definitions:

Noncurrent Liabilities

Long-term financial obligations a company owes that are not due for repayment within the next 12 months, such as long-term loans and bond issues.

Capital Assets

Long-term assets acquired or owned by a company or individual, anticipated to be used for more than one year, and intended for the operation or investment purposes.

Government-Owned Landfill

A waste disposal facility owned and operated by a governmental entity for the management of trash and recyclables.

Accrued

Expenses or revenues that have been incurred but not yet recorded in the company's accounts during the accounting period.