which of these is a description of a company's responsibility to stakeholders course hero

How does a company meet its obligations to its stakeholders?

Such a company meets its obligations to its stakeholders. Stakeholders are the individuals or groups to whom a business has a responsibility. The stakeholders of a business are its employees, its customers, the general public, and its investors. An organization’s first responsibility is to provide a job to employees.

Why do companies focus on stockholders as a special classification of stakeholder?

What is the motivation behind companies focusing on stockholders as a special classification of stakeholder? a. Stockholders are investors of the company. If the company proves to be viable, investors could potentially invest more.

What is the role of stockholders?

Stockholders are investors of the company. If the company proves to be viable, investors could potentially invest more. b. Stockholders share certain legal rights and can take legal action on the grounds of the stock price declining. c. At the end of the day, stockholders are the only stakeholders that a business should care about.

Why should a business care about its stockholders?

At the end of the day, stockholders are the only stakeholders that a business should care about. d. Stockholders have votes of ownership, and they will vote how executives want them to if they are receiving dividends from the stock. A A company is concerned with the decreasing revenue and is contemplating lay-offs.

Why are personal ethics not a concern to companies?

c. Personal ethics are not a concern to companies because they are not correlated to business ethics.

What is the manager's job?

a. The manager is analyzing the decision-making process of potential new hires to avoid exposing his company to unethical behavior in the future.

What is a manager in financial institutions?

A manager of a financial institution is the director of mergers and acquisitions. Over time, he has hired employees who work hard, think creatively, and are motivated by compensation. While hiring, he also analyzes personal ethics. Why are personal ethics a concern of the manager's hiring process?

Who is Jarod in the SEC?

Jarod is the CFO of his company and is reviewing the financial report before sending it to the SEC. Jarod wants to maximize the stock price of his company so that he can sell his stock in the company and retire. He has hired a friend's consulting firm to act as the financial auditor. He's asked the friend to put the firm in a favorable light, reclassifying some of the items on the company's books to maximize profitability in the report. Which Act makes Jarod's actions illegal?