Association of Chartered Certified Accountants (ACCA) Certification Practice Test

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What qualifies as a stakeholder?

Only shareholders of the company
Any person or organization affected by an organization
Only employees and clients
Government officials and auditors

The correct answer is: Any person or organization affected by an organization

A stakeholder is broadly defined as any person or organization that is affected by or has an interest in the activities and performance of an organization. This definition encompasses a wide range of individuals and groups, including shareholders, employees, customers, suppliers, the local community, government entities, and even competitors. Stakeholders have varying levels of interest and influence on the organization, making the identification of all stakeholder groups crucial for effective management and strategic planning. The correct response captures the essence of this wide-ranging concept by recognizing that stakeholders can include anyone impacted by the organization, not limited to just shareholders, employees, or specific external parties. This understanding of stakeholders is vital for organizations aiming to balance competing needs and interests while pursuing their objectives.