Which of the following is not a stakeholder of a nonprofit business?Question 5Select one:a.communityb.competitorsc.mediad.public policyClear my choice
Question
Which of the following is not a stakeholder of a nonprofit business?Question 5Select one:a.communityb.competitorsc.mediad.public policyClear my choice
Solution
The correct answer is b. Competitors.
Here's why:
a. Community: The community is a stakeholder in a nonprofit business because the actions of the nonprofit can directly affect the community. For example, a nonprofit that provides food for the homeless can have a significant impact on the local community.
b. Competitors: In the traditional sense, nonprofits do not have "competitors" because they are not in business to make a profit. They may have other organizations that are doing similar work, but they are not competing in the same way businesses in the for-profit sector are.
c. Media: The media is a stakeholder because they can influence public perception of the nonprofit and its work. Positive media coverage can help a nonprofit achieve its goals, while negative coverage can hinder its efforts.
d. Public Policy: Public policy is a stakeholder because laws and regulations can affect how a nonprofit operates. For example, tax laws can affect a nonprofit's funding, and regulations can affect who it can serve and how it can provide its services.
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