How are governments considered stakeholders?Multiple ChoiceGovernments are shareholders, and shareholders are stakeholders.Governments play a role in the outcome of the business through taxes, increased property values, and regulations designed to protect consumers.All of these answers are correct.Governments ultimately control the board of directions of the business.Governments are not considered stakeholders.
Question
How are governments considered stakeholders?Multiple ChoiceGovernments are shareholders, and shareholders are stakeholders.Governments play a role in the outcome of the business through taxes, increased property values, and regulations designed to protect consumers.All of these answers are correct.Governments ultimately control the board of directions of the business.Governments are not considered stakeholders.
Solution
The correct answer is: "Governments play a role in the outcome of the business through taxes, increased property values, and regulations designed to protect consumers."
Governments are considered stakeholders because they have an interest in the success of businesses. They collect taxes from businesses, which contribute to the public budget. Increased property values can also result in higher property tax revenues. Furthermore, governments establish and enforce regulations designed to protect consumers, which businesses must comply with. Therefore, the actions and success of a business can have a significant impact on governments.
Similar Questions
Why should a business be concerned with stakeholders?Multiple ChoiceStakeholders represent a very large, broad group of people who stand to gain or lose by the actions of the business.Businesses should not have to worry about stakeholders very much, because they do not own the business.Stakeholders represent the competition of the business.None of these answers are correct.Stakeholders control the board of directors of the business
If these stakeholders did not exist, would organisations still be making decisions that are socially, environmentally and economically positive? What is the importance of the role that stakeholder's play in business decisions?
The text defines stakeholders as: “Individuals and organizations who are actively involved in the organization or whose interests may be positively or negatively affected as a result of what the organization does” (Carpenter et. al., 2010). Every organization has stakeholders. Choose one of the companies below and identify three key stakeholders. Then discuss how the company caters for their interests and what may happen if their expectations are not met. A water utility company
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