Which of the Following Statements Is True of a Company

question 49

Multiple Choice

Which of the following statements is true of a company that adopts the stakeholder approach?

• A)For a company adopting the stakeholder approach,shareholders are the only stakeholders.
• B)For a company adopting the stakeholder approach,profit depends on the interplay between the corporation,government,and society.
• C)For a company adopting the stakeholder approach,profit maximization and earning short-term profits are the primary goals.
• D)For a company adopting the stakeholder approach,the only concern is to fulfill the categories of economic and legal responsibilities of Carroll's Social Responsibility Pyramid.

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Definitions:

Major Factors

The primary elements or components that significantly influence or determine the outcome of a certain process or situation.

Short-Term Orientation

A focus on immediate or near-future outcomes and gratifications, often at the expense of long-term goals.

Main Work Values

Fundamental beliefs that guide preferences and behaviors in the workplace, including priorities like job security, salary, and work-life balance.

Self Competency

The understanding and utilization of one's own skills and abilities to effectively accomplish tasks and goals.