Which of the following statements about the stakeholder model is true?
A. It reorders the priorities of management away from those in the market capitalism model.
B. Exponents of this model agree on how to identify a stakeholder.
C. It makes a realistic assessment of power relationships between the corporation and other entities.
D. It sets up clear guidelines to measure profit.
Answer: A. It reorders the priorities of management away from those in the market capitalism model.
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What statement reflects the change from early management theory to current theory?
a. There has been a shift from how workers could perform more efficiently to the human element through behavior sciences. b. There has been a shift from why workers perform to how much they can produce. c. The shift occurred within the past few years in the millennium. d. The shift occurred because there was to much focus on the behavioral sciences and needed to place the focus back on production.
When a firm diversifies into ________ businesses, the primary potential benefits to be derived come from ________ relationships where value creation is derived from the corporate office.
A. unrelated; horizontal B. related; hierarchical C. unrelated; hierarchical D. related; horizontal
What ratio is used to measure a firm's ability to pay its current liabilities and what does this ratio tell a manager? How can a low ratio be improved?
What will be an ideal response?
Define and discuss Cost of Service Pricing