Stakeholder Theory Pushes Managers to Be Clear About How They

question 58

Multiple Choice

Stakeholder theory pushes managers to be clear about how they want to do business, so it encourages:

• A) recognition of and transparency with values and underlying principles.
• B) discussion of profit center margins.
• C) strategy development from the top down.
• D) B and C.

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Definitions:

Complexity

The state or quality of having multiple interrelated parts, leading to difficulty in understanding, analysis, or resolution.

Rate of Change

A measure that describes how quickly or slowly a variable, such as a stock price or technology, changes over a period.

Competitive Advantage

An attribute that allows an organization to outperform its competitors, due to unique resources, capabilities, or positioning.

Patented Technology

Technological inventions or processes that are protected by patents, preventing unauthorized use or replication.