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Author Question: Changing an organization involves modifying the technology more than any other variable. Indicate ... (Read 99 times)

mpobi80

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on: Jul 7, 2018
Changing an organization involves modifying the technology more than any other variable.
 
  Indicate whether the statement is true or false

Question 2

Explain why shareholders are considered the stakeholder group with ultimate authority over the use of a corporation's resources.
 
  What will be an ideal response?


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ricroger

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Reply #1 on: Jul 7, 2018
Answer to Question 1

False

Answer to Question 2

The stakeholder group with ultimate authority over the use of a corporation's resources is shareholders. Legally, they own the company and exercise control over it through their representatives, the board of directors. Through the board, shareholders delegate to managers the legal authority and responsibility to use the organization's resources to create value and to meet goals. Accepting this authority and responsibility from shareholders and the board of directors makes corporate managers accountable for the way they use resources and for how much value the organization creates.


mpobi80

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Reply #2 on: Jul 7, 2018
Thank you


ricroger

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Reply #3 on: Jul 7, 2018
No problemo


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