The Multifiduciary View of Stakeholders

question 34

Multiple Choice

The multifiduciary view of stakeholders

• A) view stakeholders primarily as people who can wield economic or legal power.
• B) holds that management has the same kind of responsibility to stakeholders as to shareholders.
• C) is also known as the "strategic" approach.
• D) sees stakeholders as instruments that may facilitate or impede.
• E) the firm's pursuit of its strategic objectives.

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Definitions:

360-Degree Feedback

A performance appraisal system where an employee is evaluated by feedback collected from their supervisors, peers, subordinates, and sometimes themselves.

Behavioural Competencies

The skills, knowledge, and personal attributes that are observable and measurable, which contribute to an individual's performance and success.

Suggestion System

A formal mechanism within an organization for soliciting ideas and improvements from employees.

360-Degree Feedback

A performance appraisal method that collects feedback on an individual from all directions: supervisors, peers, subordinates, and occasionally clients.