Scenario - Blackford Industries,Inc

question 32

Multiple Choice

Scenario - Blackford Industries,Inc.
Blackford Industries,Inc.was established in 2004 by Jeanna and Sean Blackford.The company produces a wide array of restaurant equipment and supplies for restaurant owners throughout the United States.This company has grown substantially year after year since its inception.It attributes its success to having extensive knowledge of the industry it serves.Both owners have advanced culinary degrees from prestigious colleges and feel they understand the needs of their clients thoroughly.
Blackford Industries,Inc.is led by clearly defined guidelines established by its owners.The company's philosophy is one of caring for and about each customer.Blackford is known for treating each of its employees as if they were members of their family.Its business practices are honest and trustworthy.The company demonstrates its high level of integrity with each of its business dealings.
Sean and Jeanna are currently considering expanding their business into the European marketplace as this market is fairly unexplored by competitors with American restaurant supplies.They see the vast potential of this market and are aware of the challenges such a decision presents to them.The decision about the company's international expansion will be made by the end of this year.
-Blackford Industries,Inc.realizes that each decision it makes affects may stakeholders of the company.Of the following,which one is least likely to be considered a stakeholder of the company?

• A) The board members of the competitors
• B) The community the business is located in
• C) The customers of the business
• D) The employees of the business
• E) The suppliers of the business

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Definitions:

Labor Movement

A social and economic movement promoting workers' rights and interests, often through the formation of labor unions.

Shareholder Proposals

Suggestions or demands made by shareholders that are presented for a vote at a company’s annual meeting, often related to corporate governance or social responsibility issues.

Maximizing Shareholder Value

A company's goal to increase the wealth of its shareholders by improving profitability and potential dividends.

Ethics

The moral principles that govern a person's behavior or the conducting of an activity.