Answer the following statements true (T) or false (F)
1. There are stakeholders in both an organization’s internal and its external environments.
2. Only those with an ownership interest in a company are known as stakeholders.
3. Internal stakeholders include the employees of an organization.
4. In a corporation, the chief executive is typically elected by the stockholders of the firm.
1. True
Stakeholders are the people whose interests are affected by an organization’s activities. Figure 3.1 shows that there are both internal and external stakeholders.
2. False
Stakeholders are the people whose interests are affected by an organization’s activities.
3. True
The internal stakeholders consist of employees, owners, and the board of directors, if any.
4. False
Who hires the chief executive of a for-profit or nonprofit organization? In a corporation, it is the board of directors, whose members are elected by the stockholders to see that the company is being run according to their interests.
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