Which of These Groups Is Recognised by Stakeholder Theory as Having

question 45

Multiple Choice

Which of these groups is recognised by stakeholder theory as having a legitimate interest in the business?

• A)Customers.
• B)Government.
• C)Shareholders.
• D)All of the above.

---

Definitions:

Risk Averse

Characteristic of individuals or entities that prefer to avoid risks and opt for safer options when making decisions.

Loss Averse

A cognitive bias that describes why for individuals the pain of losing is psychologically about twice as powerful as the pleasure of gaining.

Benefits

The positive effects or advantages derived from a particular action, decision, or situation.

Status Quo

The existing state of affairs or the current condition, typically used in the context of social, political, or economic issues.