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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
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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
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