The View That Business Should Balance Its Commitments to the Stakeholders

question 174

Multiple Choice

The view that business should balance its commitments to the stakeholders in its environment is known as

• A) managerial capitalism.
• B) social auditing.
• C) social responsibility.
• D) business ethics.
• E) stakeholder theory.

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Definitions:

Coordination Problems

Issues that occur when entities attempt to align their actions or activities towards a common goal, but face difficulties due to misunderstandings, conflicting interests, or lack of communication.

FORTRAN

A high-level programming language developed in the 1950s for numerical and scientific computing.

Role Conflict

A situation where an individual faces incompatible demands or expectations from different roles they play in their life or work.

Potential Group Performance

The maximum level of efficiency or outcome that a group could achieve if all conditions were optimal.