Stakeholder Responsibility Refers to

question 144

Multiple Choice

Stakeholder responsibility refers to

• A) the view that an organization has an obligation to those who can affect the achievement of its objectives.
• B) the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
• C) the duty of a firm to maximize profits for its owners or stockholders.
• D) the concept that no expansion or additional research and development will occur until a company is making a profit.
• E) the idea that organizations are part of a larger society and are accountable to that society for their actions.

---

Definitions:

Title

The legal right to own, use, or sell property or assets.

Deed

A document by which title to real property is passed.

Assignment Clause

A provision in a contract that permits the transfer of rights and obligations to another party under specified conditions.

Metal Fabrication

The process of building machines and structures from raw metal materials through cutting, bending, and assembling.