Asked by Luisa Fernanda Bohorquez on Jun 06, 2024
Verified
The community in which a firm operates would not be considered a stakeholder of the firm.
Stakeholder
An individual or group that has an interest or concern in an organization, project, or event, which can be affected by or affect its outcomes.
Community
A group of people living in the same place or having a particular characteristic in common.
- Discriminate between the roles of shareholders and stakeholders in the context of business decision-making and comprehend their respective contributions.
Verified Answer
RM
Reyna MartinezJun 08, 2024
Final Answer :
False
Explanation :
The community is considered a stakeholder of a firm because the firm's actions can have significant impacts on the community's economy, environment, and well-being.
Learning Objectives
- Discriminate between the roles of shareholders and stakeholders in the context of business decision-making and comprehend their respective contributions.