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.

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Definitions:

Developing Theory

Refers to the ongoing process of creating, testing, and refining concepts and propositions that aim to explain phenomena within a certain field.

Observation

The process of monitoring or recording systematically selected behaviors, phenomena, or variables for the purpose of analysis.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.

Psychological Law

A principle or regularity that is generally accepted in the field of psychology, explaining mental processes and behaviors.