Which statement best reflects the stakeholder approach: The idea that managers and employees inside the company are the most important stakeholders. The assumption that only shareholders have an interest in a company. The idea that many different groups have legitimate interests in the operations of a company. That governments have the highest priority as a stakeholder in a company. What is the ultimate aim of CSR? Create higher standards of sustainable living Preserving the profitability of the company How profits are made, not the pursuit of profit at any cost O All of the above What question(s) would you ask to help classify stakehaders for a company? how many people are in a stakeholder group? a how often does the company interact with the stakeholder group? what is the nature of the relationship with the stakeholder group? all of the above non of the above How can we differentiate the idea of CSR from Philanthropy? We cannot differentiate between CSR and Philanthropy. CSR are Philanthropy are both expenses to the business CSR is an investment as part of business costs and Philanthropy involves after profit cost