~/ learn/ afm-111/ cards/ Who counts as a stakeholder, and how to rank them
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For the purposes of stage 1, a stakeholder is:

For the purposes of stage 1, a stakeholder is:

Answer

Anyone affected by, or able to affect, the decision

Options - A. Anyone affected by, or able to affect, the decision - B. The client who commissioned the analysis, and nobody else - C. The shareholders of the business making the decision - D. Whoever attended the meeting where the brief was given Why - A. Correct — the definition is wide on purpose; the stakeholders left out are the missing criteria of stage 3 and the unseen risks of stage 4. - B. The client is one stakeholder. The accounts, the staff and the bank are affected by the press decision and would be missed. - C. Shareholders are one internal group. Employees, customers, lenders and suppliers are affected too — and a small business may have one owner and no shareholders. - D. Presence in a meeting is not a stake. The press operators were not in the room and have the most to lose.

Business Ethics (CNX v3.1) ch 13–15; OpenStax Business 2.4; concept map D04, D05

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