Final answer:
The stakeholder salience model is dynamic because managers' perceptions of stakeholder attributes change over time, reflecting that stakeholders' relevance can evolve with changing business environments. Option d is correct.
Step-by-step explanation:
The statement indicating "the stakeholder salience model is dynamic" is d. That managers' perceptions of stakeholder attributes are subject to change over time. This reflects the dynamic nature because stakeholders' influence and importance may evolve as external and internal conditions of a business change. This aspect recognizes that a firm's environment is not static and that stakeholders' salience, or relevance, can alter based on various factors such as market conditions, legal regulations, and societal expectations.
Contrary to the static concept of shareholder primacy where the primary objective is maximizing shareholder wealth, the stakeholder theory and the stakeholder salience model consider the broader spectrum of interests from various groups associated with a firm. Factors like safety and liability, represented by regulations from bodies like the Occupational Safety and Health Administration (OSHA), illustrate how external factors can influence a company's priorities and, consequently, the salience of different stakeholder groups.