Stakeholders can use social media to harm companies
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Empowered stakeholders can use the amplifying power of social media to help companies that appear to be acting in their best interests and harm companies that are not. Social media also have the potential to increase transparency, with more eyes and ears to monitor business activities and to use the crowd's voice to demand accountability and change.
You might also like to view...
A LIFO reserve represents the amount by which cost of goods sold on a FIFO basis exceeds the cost of goods sold on a LIFO basis for the current year
a. True b. False Indicate whether the statement is true or false
Sunk costs are omitted from decision analysis
a. always. b. never. c. sometimes. d. only if immaterial.
According to Hofstede’s Model of National Culture, a culture with high _________ is one in which the members of society feel uncomfortable with ambiguity.
A. long-term orientation B. power-distance C. individualism D. collectivism E. uncertainty avoidance
Section 2 of the Sherman Act prohibits the act of monopolization
Indicate whether the statement is true or false