A. They are groups to whom a firm has financial obligations. Bruce Holopter,  bhlmh@sbcglobal.net or 417-883-2712? Managers and employees want to earn high wages and keep their jobs, so they have a vested interest in the financial health and success of the business. A stakeholder can affect or be affected by the company’s policies and objectives. Always telling the truth b. In a corporation, a stakeholder is a member of "groups without whose support the organization would cease to exist", as defined in the first usage of the word in a 1963 internal memorandum at the Stanford Research Institute.The theory was later developed and championed by R. Edward Freeman in the 1980s. The stakeholders can be any person or entity, who influence and can be influenced by the company’s activities. Get your answers by asking now. Reference for Business - Stakeholders is an article on stakeholder perspective from Reference for Business, Encyclopedia of Business, 2nd ed. A stakeholder is any person, group of people or other organisation that has an interest in the activities of a business.. Someone who thinks they will be affected by a project is a stakeholder on that project 2. Kavin - A stakeholder is an individual or a group of individuals with an interest in a firm. This preview shows page 94 - 100 out of 133 pages. … Any person or entity interested in a particular business is called a stakeholder. All stakeholders should be identified before the project execution begins. These stakeholders significantly affect the company through their contributions to business processes and capabilities. Which of the following are stakeholders of a business A Shareholders B from BUSI 2301 at Collin College B. allows managers to examine two primary questions. B. View Test Prep - Unit 2 Quiz.docx from BBA 3210 at Columbia Southern University. the manner in which we would like for them to interact with us is called ______. The goal is to put you in the shoes of each type of stakeholder and see things from their point of view. like if a decision is copied by everyone else. Shareholders (stockholders) are stakeholders who provide an enterprise with risk capital. Still have questions? Course Hero is not sponsored or endorsed by any college or university. B. who are normally included as the stakeholders of a business? c. It is mandatory for a company to satisfy the claims of all stakeholders. Doctor dies of virus after complaining of racist treatment, CDC: U.S. to require negative tests for U.K. passengers, 40 million Americans could be evicted in 2021, Kevin Spacey shares somber Christmas video, Teammates roast NFL player for awful haircut, Mom with COVID delivered baby she couldn't hold, Bure denies attending Kirk Cameron caroling protests, Biden doubts Democratic idea to cancel student debt, Christmas spirit saves NBA star from suspension, 'Bachelorette' stars share gloomy 'Christmas card', Tony Robbins sued by employee who had COVID-19, http://dictionary.reference.com/browse/stakeholder. They include: Owners who are interested in how much profit the business makes. He got the essential list of stakeholders exactly right. 1 decade ago. External stakeholders are those who have an interest in the success of a business but do not have a direct affiliation with the projects at an organization. Identification of stakeholders b. a. Stakeholders do not engage in an exchange relationship with their company. Susan is told by Betty that Bob stole her, business law book from her car. Stakeholders can have a significant impact on decisions regarding the operations and finances of an organization. preferred stockholder. Which of the following are stakeholders of a business? What is ethics a. It also points out challenges related to working with the stakeholders as well as the project manager’s impression of their knowledge, skills, capabilities, and attitude. Introducing Textbook Solutions. For a limited time, find answers and explanations to over 1.2 million textbook exercises for FREE! Internal and external stakeholders may have different interests and priorities, possibly leading to conflicts of interest. Internal stakeholders have a direct relationship with the company either through employment, ownership, or investment. c. It is mandatory for a company to satisfy the claims of all stakeholders. In a business environment, stakeholders are classified into two categories, Internal Stakeholders, and External Stakeholders. For example, if a retail business makes the decision to expand by opening a new store, this will have an impact on all the different stakeholders. B. They may be affected in the following ways: In a corporation, a stakeholder is a member of "groups without whose support the organization would cease to exist", as defined in the first usage of the word in a 1963 internal memorandum at the Stanford Research Institute.The theory was later developed and championed by R. Edward Freeman in the 1980s. 1. Bob had Susan arrested for slapping him. perceive stakeholders as groups that management thinks has some stake in the firm and those that themselves think they have a stake in the firm balance interests of shareholders with those of stakeholders Government (federal, state, local) Employees (race, age, unions, activist, gender) Owners (private citizens, board members) Shareholders (stockholders) are stakeholders who provide an enterprise with risk capital. Decisions should be made in a way that ensures all stakeholders are considered. Get 1:1 help now from expert Operations Management tutors customer. Answer to 53. A stakeholder is a party that has an interest in the company’s success or failure. Which of the following is true of stakeholders? Which of the following are business stakeholders? D. Stakeholders may be people, or organizations. Management 2. Which of the following are stakeholders of a business? B. Which of the following statements about stakeholders are true? B. A stakeholder register contains stakeholder classification, identification, and assessment information. Previous question Next question Get more help from Chegg. The study of how people should act c. Following the law d. none of these answers is true ANS: B A. Always telling the truth b. Which of the following are stakeholders of a business A Shareholders B, 27 out of 34 people found this document helpful. Which of the following is true of stakeholders? According to Wall Street Words, a stakeholder is "Any party that has an interest in an organization. Can I write on my personal checks: VOID if amount is greater than $100.00? Question 1 Which of the following are stakeholders of a business? common stockholder. 19. Susan, sues Bob for damages in the amount of the book and for maliciously having her, arrested. Only 1 is true. Most people in corporate america refer to creditors and shareowners as stakeholders, since they really do have a stake in how the company performs. Who makes up the Stakeholders a. Management 2. This guide will analyze the most common types of stakeholders and look at the unique need that each of them typically has. Those who hold stakes. Only 2 is true C. Both 1 … a. Involve 3.5. A. In business, a stakeholder is any individual, group, or party that has an interest in an organization and the outcomes of its actions. Influence of stakeholders on business objectives. stakeholder management b. stakeholder mapping c. analytic review d. stakeholder analysis ANS: D DIF: Moderate REF: p. 42 25. The primary stakeholders of a firm include all of the following except a. Learn and revise about stakeholders and why they are important to business with BBC Bitesize GCSE Business Studies. Community involvement. So congress approved $900B for STIMULUS CHECK. A stakeholder has a vested interest in a company and can either affect or be affected by a business' operations and performance. The idea that we should interact with other people in a manner consistent with. You can sign in to vote the answer. D. "Shareholders, Employees,Customers And Management" A.Shareholders And Employees B. I agree with what L-Money said. Are Congress right to give   $15 billion in aid for independent music venues and movie theaters or no? Stakeholders. Stakeholders can have a significant impact on decisions regarding the operations and finances of an organization. Internal stakeholders refer to the individuals and parties, within the organization. Employees and customers C. Customers, owners, and management D. Management, owners, and employees E. Customers, owners, management, and employees The stakeholders of a firm are the many groups of people affected by the firm's decisions. Business has different objectives from the stakeholders, as directors are focused on to earn maximum profit, in this case, if business wants to reduce cost of employees because business thinks that other stakeholder can be served in a better way and maximum profit can be attained or money could be saved if employees are not given higher wages. Businesses relationships with its stakeholders have evolved in the following order: A. Reactive, proactive, interactive, cyberactive relationships. C. Communications technology. d. Creditors are examples of internal stakeholders. Most people in corporate america refer to creditors and shareowners as stakeholders, since they really do have a stake in how the company performs. Question 6 of 20. Question: Chose: Which Of The Following Are Stakeholders Of A Business? Letters to companies that interviewed you a thing of the business activity, and the... Group of individuals with an interest in an exchange relationship with the company 's and. 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Options and people who buy the stock.... how do you think the! 125 3.3.A stockholder approach will Focuses on financial and economic relationships 3.4.An effective leader should _____ a stakeholder... Help from Chegg people found this document helpful ways: business stakeholders lawsuit, susan has against for! Will be affected by the outcome but may perceive that they could be affected by a project is central... Business are complex pieces in the business activity, and so forth. `` statements is true c. 1... Directly affected by the company either through employment, ownership, or investment previous question question. Asks us to consider what the world that Bob stole her, arrested groups or organisations with a relationship. An individual or a group of individuals with an interest in a business environment stakeholders! Supposed to be on quarantine activities and performance of a firm I write my... Manner in which power Next day susan confronts Bob and slaps, him for stealing her.. 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