Final answer:
The statement that the concept of a stakeholder has expanded beyond just owners, government, and labor to include other individuals and groups such as employees, customers, and the community is true.
Step-by-step explanation:
The concept of a stakeholder indeed has broadened over time to include various individuals or groups. This is true. Historically, the term stakeholder might have been limited to owners, government entities, and labor, but it has evolved to encompass a wider array of parties who may be affected by a company's operations. It is not just about shareholders, who are primarily concerned with the returns on their investments. Today, the definition includes customers, employees, suppliers, communities, and even the environment, which can be impacted by a company's activities. This comprehensive view is consistent with stakeholder theory, which argues that a company should balance the interests of all its stakeholders, not just focus on shareholder wealth maximization.