Stakeholders Are

question 36

Multiple Choice

Stakeholders are

• A) a new way to describe stockholders.
• B) individuals, groups, and organizations who have a stake in the success of the organization.
• C) creditors who hold a lien on the assets of the organization.
• D) attorneys and their clients who sue the organization.

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Definitions:

Compliance Costs

Expenses that businesses incur to adhere to laws, regulations, and standards.

Power To Tax

The legal authority granted to governments to impose charges on individuals and corporations to fund public services and goods.

Government

The structure or mechanism by which a society or country is managed and controlled.

Private Business

A business owned and operated by private individuals or groups, rather than by the state or public, typically aiming to generate profit.