Stakeholder-Based Theories Argue That Organisations Have a Responsibility to Be

question 1

Multiple Choice

Stakeholder-based theories argue that organisations have a responsibility to be socially responsible and to promote the best interests of:

• A)shareholders
• B)local communities
• C)the natural environment
• D)all of the above

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Definitions:

Corporate Privilege

Special rights or immunities granted to corporations, often exempting them from certain legal obligations.

Personal Benefit

Advantage or gain obtained by an individual from a situation or transaction, which is often a factor considered in legal judgments.

Implied Power

Powers not explicitly stated but necessary and proper for executing one's official duties or functions.

Corporate Officers

High-ranking executives who are charged with managing the operations and ensuring the compliance of a corporation.