Which of the following is an external stakeholder group?

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Prepare for the Comprehensive Business Management and Decision-Making Test. Study with flashcards and multiple choice questions, with hints and explanations for each question. Ensure your success on test day!

Multiple Choice

Which of the following is an external stakeholder group?

Explanation:
External stakeholders are groups outside the organization that can affect or be affected by its actions. Government regulators fit this description because they come from the public sector, set rules, and monitor compliance, operating outside the company’s own structure. In contrast, the finance department, the HR department, and the internal audit team are internal stakeholders since they are part of the organization and work within its system. Therefore, government regulators are the external stakeholder group.

External stakeholders are groups outside the organization that can affect or be affected by its actions. Government regulators fit this description because they come from the public sector, set rules, and monitor compliance, operating outside the company’s own structure. In contrast, the finance department, the HR department, and the internal audit team are internal stakeholders since they are part of the organization and work within its system. Therefore, government regulators are the external stakeholder group.

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