Ask Question
20 July, 17:49

Does a business neceşsarily have obligations to anyone

besides stockholders?

+2
Answers (1)
  1. 20 July, 19:25
    0
    of course. Business have obligations and duties towards many parties. we call these people "stake holders". in other words, they are either interested in the business and activities or are effected by the business activities.

    for an example, the community and the environment the business operates in are stakeholders and the firm has responsibility to ensure an environmental friendly production and practices are carried out by the firm.

    Government and tax authorities are another example. firm has to make sure that the required disclosures are made and proper taxes are paid timely.

    Potential investors are another example, the company has to make sure that they disclose all the relevant and material information that may give signals about the companies future and its direction.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Does a business neceşsarily have obligations to anyone besides stockholders? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers