BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
All parties which interact with a business are known as
A
shareholders
B
stakeholders
C
customers
D
employees
Explanation: 

Detailed explanation-1: -A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.

Detailed explanation-2: -Stakeholder means any people or groups who are positively or negatively impacted by a project, initiative, policy or organisation. They could be internal (people within your organisation) or external (people outside of your organisation).

Detailed explanation-3: -The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an “individual or group that has an interest in any decision or activity of an organization."

There is 1 question to complete.