The Stakeholder Group Composed of the CEO and the Members

question 125

Multiple Choice

The stakeholder group composed of the CEO and the members of the top-management team is important for which of the following reasons?

• A) its responsibility for formulating a strategy that realizes the vision and mission
• B) its influence over the shareholders and board of directors
• C) its role in environmental scanning
• D) its responsibility for encouraging teamwork

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Definitions:

Nonmaterial Social Facts

Elements of culture, such as values, beliefs, norms, and rituals, that shape human behavior and social order.

Empirically Studied

Investigated and analyzed through observation and experience rather than theory or pure logic.

Dynamic Density

A concept in sociology that refers to the increased frequency and intensity of interactions among members of a society due to population growth and technological advancements.

Collective Conscious

A shared awareness and set of attitudes that unify a group or society, often referring to the work of Emile Durkheim.