In 1931, the Concept of Stakeholder Theory Was First Presented

question 26

Multiple Choice

In 1931, the concept of stakeholder theory was first presented by A.A. Berle who suggested that managers should be guardians of the investments of the organization. The expansion of this custodianship to include the wider community was developed by _________ and is the genesis of current stakeholder theory.

• A) Edward Freeman
• B) E. Merrick Dodd, Jr.
• C) Milton Friedman
• D) Archie Carroll

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Definitions:

Dopamine

A neurotransmitter in the brain associated with pleasure, movement, and the reward system.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception.

Relaxation

A state of being free from tension and anxiety, often pursued through various techniques such as meditation, breathing exercises, or certain recreational activities.

Serotonin

A neurotransmitter involved in various functions, including mood regulation, digestion, and sleep.