External Stakeholders

question 109

Multiple Choice

External stakeholders:

• A) are individuals or groups who own the business.
• B) include all employees, the board of directors, and stockholders.
• C) typically comprise customers, suppliers, lenders, etc.
• D) are individuals or groups who work for the business.

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Definitions:

UCC

A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize the law of sales and other commercial dealings across the country.

United Nations Declaration

A formal statement or document adopted by the United Nations outlining principles, rights, or intentions in various global matters.

Human Rights

Fundamental rights and freedoms that every person is entitled to regardless of nationality, sex, national or ethnic origin, race, religion, language, or any other status.

Quasi-contract Liability

Refers to the legal responsibility imposed by the court to prevent unjust enrichment when no actual contract exists between parties.