Which of the Following Statements Is True About the Stakeholder

question 22

Multiple Choice

Which of the following statements is true about the stakeholder theory?

• A)It begins with the recognition that every business decision affects a wide variety of people,benefiting some and imposing costs on others.
• B)It argues that the narrow economic model successfully provides an accurate descriptive and a reasonable normative account of business management.
• C)It holds that business firms should fully integrate economic and social goals by bringing social responsibilities into the core of their business model.
• D)It suggests that the long-term financial well-being of every firm is directly tied to questions of how the firm both affects and is affected by the natural environment.

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Definitions:

Lever

A simple machine consisting of a beam or rigid rod pivoted at a fixed hinge or fulcrum, used to transmit or apply force.

Negative Reinforcement

A process in behavior modification where a response increases because a negative (aversive) condition is removed or avoided.

Positive Reinforcement

A technique in behavior therapy that involves rewarding desirable behaviors to increase the likelihood they will recur.

High Grades

Academic evaluations that indicate a level of excellence or superior achievement.