Which of the Following Provides the Best Description of the Community

question 17

Multiple Choice

Which of the following provides the best description of the community stakeholder for an organization?

• A) The community to be concerned with is the immediate neighborhood where most of the organization's patrons live and work.
• B) The entire city in which the organization operates will be affected by the organization, and therefore this defines the community stakeholder.
• C) The entire county in which the organization is located is the community stakeholder because the impact of the organization reaches beyond the city to the entire county.
• D) The community aspect of the stakeholder model includes the entire region in which the company operates.
• E) The community includes those members of society who are aware of, concerned by, or in some way affected by the operations and outputs of the organization.

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Definitions:

Pareto Optimal

A state of allocation of resources from which it is impossible to make any one individual better off without making at least one individual worse off.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all members of a society, such as public parks and national defense.

Private Consumption

The total amount of goods and services consumed by individuals in a household.

Pareto Optimal

A situation where resources are distributed in such a way that improving one person's condition inevitably leads to the detriment of another individual.