91.4k views
0 votes
True/False: A stakeholder is a person who has an interest and an influence on how a business will function in order to succeed. Stakeholders are only those people who are internal relative to the business.

User Ben Bolker
by
7.7k points

1 Answer

4 votes

Final answer:

A stakeholder includes any individual or group who has an interest or is affected by a business's operations, whether internal or external, which is contrary to the belief that stakeholders are only internal to the business.

Step-by-step explanation:

The statement that stakeholders are only those people who are internal relative to the business is false. A stakeholder is a person or organization who has a stake in a design project, and they can be internal or external to the business. For example, stakeholders for a new automobile design might include customers, mechanics, government agencies such as the Environmental Protection Agency, and oil companies supplying fuel. The term stakeholders includes a wide range of individuals or groups affected by the business's operations, which can go beyond the shareholders who own a portion of the corporation and have invested capital.

User Raymond Chen
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.