What is the difference between a stakeholder and a stockholder? What type of stakeholder is a shareholder?
What will be an ideal response?
A stakeholder is a broad term for the people whose interests are affected by an organization’s activities. It can be applied to both internal and external groups. For example, employees, owners, and the board of directors represent the internal stakeholders of an organization. Therefore, stockholders are just one of these internal stakeholders (owners)—those who have a financial interest in the organization. External stakeholders include customers, competitors, suppliers, distributors, strategic allies, employee organizations, local communities, financial institutions, government regulators, special-interest groups, and mass media.
You might also like to view...
________ is one type of qualitative research in which the purposes of the project are disclosed to the respondent or are obvious given the nature of the interview
A) A direct approach B) An indirect approach C) A panel D) A survey E) An informed approach
A company adding new features to a product will most likely assess each feature's value to customers relative to its ________
A) cost to the company B) performance in the market C) benefits to the company D) cost to the customers E) benefits to the supplier
Which of the following is NOT a benefit of a static budget performance report?
A) It is useful in evaluating a manager's effectiveness when actual sales approximate budgeted amounts. B) It is useful in evaluating a manager's control over fixed costs. C) It is useful in evaluating a manager's control over variable costs. D) It is useful in evaluating a manager's control over fixed selling and administrative expenses.
A unit manager should be evaluated based on
a. all revenue and cost under the manager's control. b. the revenues and variable cost of the unit. c. all revenue and cost that can be traced directly to the unit. d. the same revenue and costs upon which the unit is evaluated.