The __________ Theory Recognizes That Firms Have Relationships with Many

question 46

Multiple Choice

The __________ theory recognizes that firms have relationships with many constituent groups which both affect and are affected by the actions of the firm.

• A) stakeholder
• B) stockholder
• C) relational
• D) cohesive

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Definitions:

Ethical Approach

A method or strategy that prioritizes moral principles and values in decision-making processes.

Development Approach

A methodology or strategy used in the planning and execution of projects to achieve specific objectives.

Positive Approaches

Strategies or methodologies that emphasize constructive actions, optimism, and beneficial outcomes in various contexts.

Normative Framework

A set of principles or guidelines that establish the standards for what is considered right or acceptable behavior within a given context.