The collective term for any individual or group with an interest in the activities of an entity is a:
A) stakeholder.
B) creditor.
C) shareholder.
D) manager.

Question

Quizplus · Accepted Answer

A stakeholder is a person or group that has an interest or concern in an organization, project, or business. This can include shareholders, employees, customers, suppliers, government authorities, and the community. The term is often used in the context of corporate social responsibility and stakeholder theory, which suggests that businesses should operate in a way that takes into account the interests of all stakeholders, not just shareholders. Creditors are a type of stakeholder who have lent money to a business, while shareholders are owners of the company. Managers are not a collective term for those with an interest in the entity, but rather a group responsible for overseeing the operations of the entity.

The Collective Term for Any Individual or Group with an Interest