The traditional view of socially responsible behavior considers only the stockholders. Contemporary theory recognizes a much broader group of constituents, referred to as
A) stakeholders.
B) corporate constituents.
C) implied constituents.
D) explicit constituents.
E) primary role-holders.

Question

Quizplus · Accepted Answer

Contemporary theory expands the view of socially responsible behavior beyond just stockholders to include a broader group of individuals and entities affected by a company's operations, known as stakeholders. This includes employees, customers, suppliers, community members, and others who have a stake in the company's success and impact.

The Traditional View of Socially Responsible Behavior Considers Only the Stockholders