Question: 1. The term shareholder refers to persons and groups that effect, or are effected by, in organizations, decisions, policies and operations. True False 2. Businesses

1. The term shareholder refers to persons and groups that effect, or are effected by, in organizations, decisions, policies and operations. True False 2. Businesses always have a legal obligation to act in an ethical way. True False 3. Under the stake holder theory of the firm, corporations serve a broad public purpose such as to create value for society True False 4. The legal rights of non-owner stake holders are often more fully developed in the United States True False

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