The Term That Links the Employees, Shareholders, Board of Directors

question 258

Multiple Choice

The term that links the employees, shareholders, board of directors, suppliers, distributors, creditors, unions, government, local communities, and customers of an organization is

• A)stakeholders.
• B)stockholders.
• C)limited partnerships.
• D)reliance teams.
• E)organizational society.

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Definitions:

Social Responsibility

The obligation of an organization to act in ways that serve both its own interests and the interests of its stakeholders, encompassing concerns for the environment, ethics, and the wellbeing of the society.

Prince William Sound

A region in the Gulf of Alaska known for its rich wildlife, fishing industry, and as the site of the Exxon Valdez oil spill in 1989.

Crude Oil

A natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.

Warranty

In the sale of goods, a minor term in a contract. The breach of the term would allow the injured party damages, but not rescission of the agreement.