According to the utilitarian approach, CEOs give priority to the stakeholders who have the most
A) power and largest holdings.
B) legitimacy and the best PR.
C) power, legitimacy, and urgency.
D) stability and legitimacy.
E) utility and power.

Question

Quizplus · Accepted Answer

According to the utilitarian approach, CEOs give priority to stakeholders who have the most power, legitimacy, and urgency. Power represents the ability of stakeholders to influence decision-making, legitimacy represents the moral and ethical justification for a stakeholder's claim, and urgency represents the immediacy of a stakeholder's need. Therefore, choice C is the correct answer.

According to the Utilitarian Approach, CEOs Give Priority to the Stakeholders