Question

8. What is the main characteristic of the stakeholder approach?
(a) The idea that many different groups have a legitimate interest in the corporation
(b) It is a critical perspective on corporations and business
A focus on social and environmental responsibilities of a corporation
(d) The assumption that shareholders are not the main stakeholders in the corporation​

Answer 1

Answer:

Option A

Explanation:

Among the four options given in question statement, the correct option is A

The main characteristic of the stakeholder approach is the idea that many different groups have a legitimate interest in the corporation

From bussiness management perspective, a stakeholder approach is the approach adapted by the managemnt of any organization to run the operations is such a way the stakeholders remain satisfied and hence they retain their interest in the business