The Stakeholder Theory Operates On

question 109

Multiple Choice

The stakeholder theory operates on:

• A) a network of tensions-the competing internal and external demands that form the business context.
• B) the assumption that hierarchical decisions and command and control are best.
• C) a socialist premise that business has obligations to society at large.
• D) the cooperation of all who have a vested interest in the success of the business.

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Definitions:

Independent

Free from outside control; not depending on another's authority or on specific factors.

Maslow's Hierarchy

A theory in psychology that categorizes human needs into a five-tier model, from basic (such as food and shelter) to complex (such as self-fulfillment).

Mental Illness

Refers to a wide range of mental health conditions that affect mood, thinking, and behavior.

Internalized

Refers to the absorption and incorporation of ideas, attitudes, or values into one's own belief system or psychological makeup.