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Which of the following best describes the term 'stakeholders' in a business envi

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Question: Which of the following best describes the term \'stakeholders\' in a business environment?

Options:

  1. Only the employees of a company
  2. Individuals or groups with an interest in the company\'s performance
  3. The government and regulatory bodies only
  4. Competitors in the same industry

Correct Answer: Individuals or groups with an interest in the company\'s performance

Solution: 

Stakeholders are individuals or groups that have an interest in the company\'s performance, including employees, customers, suppliers, and investors.

Which of the following best describes the term 'stakeholders' in a business envi

Practice Questions

Q1
Which of the following best describes the term 'stakeholders' in a business environment?
  1. Only the employees of a company
  2. Individuals or groups with an interest in the company's performance
  3. The government and regulatory bodies only
  4. Competitors in the same industry

Questions & Step-by-Step Solutions

Which of the following best describes the term 'stakeholders' in a business environment?
  • Step 1: Understand that a business has many people and groups involved with it.
  • Step 2: Identify who these people and groups are. They can include employees, customers, suppliers, and investors.
  • Step 3: Recognize that these individuals or groups care about how well the business is doing.
  • Step 4: Conclude that all these interested parties are called 'stakeholders'.
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