Identify a True Statement About the Stakeholder Theory

question 63

Multiple Choice

Identify a true statement about the stakeholder theory.

• A)It holds that a firm's financial goals must be balanced against,and perhaps even overridden by,environmental considerations.
• B)It argues that the narrow economic model fails both as an accurate descriptive and as a reasonable normative account of business management.
• C)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.
• D)It suggests that firms should fully integrate economic and social goals by bringing social responsibilities into the core of their business model.

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Definitions:

Discrete Random Variable

A variable that can take on a countable number of distinct values, often associated with experiments that have a finite set of possible outcomes.

Discrete Random Variable

A variable that assumes a countable number of distinct values, with each value associated with a certain probability.

Discrete Probability Distribution

A discrete probability distribution outlines the probabilities of outcomes for discrete random variables, where outcomes are countable.

Discrete Probability Distribution

A probability distribution characterized by a set of discrete outcomes or values with corresponding probabilities.