Management accountability and the stakeholders [10 min]
Management has the responsibility to manage the resources of an organization in a responsible manner.
Requirement
1. For each of the following management responsibilities, indicate the primary stakeholder group to whom management is responsible. In the space provided, write the letter corresponding to the appropriate stakeholder group.
1.
Providing high-quality, reliable products/services for a reasonable price in a timely manner.
a.
Owners
2.
Paying taxes in a timely manner.
b.
Creditors
3.
Providing a safe, productive work environment.
c.
Suppliers
4.
Generating a profit.
d.
Employees
5.
Repaying principal plus interest in a timely manner.
e.
Customers
f.
Government
g.
Community
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