Under the Principle of Rights, or "rights theory", which of the following are groups whose rights a company should consider before making a decision? a. The community in which the company does business b. The company's employees c. The company's suppliers d. The consumers of the company's products or services e. The company's owners f. Society as a whole

Question

Social Studies

Gaven Boyd

26 September, 11:57

Under the Principle of Rights, or "rights theory", which of the following are groups whose rights a company should consider before making a decision? a. The community in which the company does business b. The company's employees c. The company's suppliers d. The consumers of the company's products or services e. The company's owners f. Society as a whole

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Answers (1)

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Abram Barr · Answer 1

b. The company's employees

c. The company's suppliers

d. The consumers of the company's products or services

e. The company's owners

Explanation:

Accompany decision affects many people from consumers to the stakeholders. Therefore, before making any major decision reading the company, it is essential to consult and engage the groups to ensure the business is not affected in any way. Their contribution may positively bring a tremendous change to the company.

The process of making a decision is crucial for any successful business; however, it will only be successful when incorporated with the right people with a positive mind. Thus, consumers' employees and stakeholders should be incorporated in making decisions.