Which of the Following Statements Is True of Members of Society

question 15

Multiple Choice

Which of the following statements is true of members of society as stakeholders of an organization?

• A) Members of society are external stakeholders, and are therefore not affected by corporate activities.
• B) Collaboration between members of civil society, the private sector, and the public sector can lead to intractable and complex global problems.
• C) Members of society have become powerful catalysts and can use modern communication technology to form protest alliances.
• D) Members of society do not have the power to force businesses to contribute to change.

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Definitions:

Accrued Liabilities

Expenses that have been incurred but not yet paid or recorded in the company's ledger, representing future outflows of cash.

Common Stock Account

An equity account on a company's balance sheet representing the total value of common shares that have been issued.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition and net worth.

Financial Position

A financial statement element that shows the value of a company's assets, liabilities, and equity at a specific point in time.