The stakeholder theory of corporate social responsibility:
A)considers the management of an organization as one of the stakeholders.
B)excludes customers and government agencies among stakeholders.
C)does not consider the owners of an organization as the stakeholders.
D)does not consider first-line employees of an organization as stakeholders.

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, communities, and shareholders. This theory recognizes that an organization's operations impact various stakeholders and organizations have a responsibility to consider and satisfy their needs and interests. Option B, C, and D are incorrect because stakeholder theory recognizes customers, government agencies, owners, and first-line employees as important stakeholders.

The Stakeholder Theory of Corporate Social Responsibility