Chapter 18, Problem S18.2SE

To determine

Concept Introduction:

Stakeholders of the Business:

The stakeholders of the business can be defined as the group of person or the concerns who have some kind of interest in the business, it can be in anything. They can affect or they will be affected by the actions of the business, depending upon their area of concern. The stakeholders can be customers, government, managers, employees, debtors, creditors etc.

To indicate:

Primary Stakeholder group to whom management is responsible for each of the following management responsibilities –

1. Providing high-quality, reliable products/services for a reasonable price in a timely manner

2. Paying taxes in a timely manner

3. Providing a safe, productive work environment

4. Generating a profit

5. Repaying principal plus interest in a timely manner