Stakeholders are all constituencies that affect and are affected by the achievement of the firm's objectives.

Question

Quizplus · Accepted Answer

This statement accurately defines the concept of stakeholders. Stakeholders can include employees, customers, suppliers, shareholders, government agencies, and communities in which the firm operates. Their interests and needs must be considered in decision-making processes to ensure the success and sustainability of the business.

Stakeholders Are All Constituencies That Affect and Are Affected by the Achievement