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In 1931, the Concept of Stakeholder Theory Was First Presented

Question 1

Multiple Choice

In 1931, the concept of stakeholder theory was first presented by A.A. Berle who suggested that managers should be guardians of the investments of the organization. The expansion of this custodianship to include the wider community was developed by _________ and is the genesis of current stakeholder theory.


A) Edward Freeman
B) E. Merrick Dodd, Jr.
C) Milton Friedman
D) Archie Carroll

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