Stakeholder theory of corporate social responsibility:
A)considers the management of an organization as one of the stakeholders.
B)excludes customers and government agencies from the list of stakeholders.
C)does not consider the owners of an organization as the stakeholders.
D)pays attention to the unaffected stakeholder in every aspect of a firm's operation.

Question

Quizplus · Accepted Answer

The stakeholder theory of corporate social responsibility considers management as one of the stakeholders, along with other groups such as employees, customers, suppliers, shareholders, and the community. This theory recognizes that the actions of the firm affect the well-being of all these groups, and therefore, the firm must manage its relationship with all stakeholders to create long-term sustainable value.

Stakeholder Theory of Corporate Social Responsibility