Internal stakeholders include which of the following entities?

Prepare for the ACCA Accountant In Business (F1) Exam with flashcards and multiple-choice questions, including hints and explanations. Get ready for your certification!

Multiple Choice

Internal stakeholders include which of the following entities?

Explanation:
Internal stakeholders encompass those individuals and groups actively involved in the operations of an organization. This includes employees, who perform the day-to-day tasks and contribute to the objectives of the organization, and management, who make strategic decisions and oversee operations. Together, they have a vested interest in the successful functioning of the organization, influencing and being influenced by internal policies, culture, and performance. In contrast, options that mention government, community, suppliers, and customers refer to external stakeholders. While these groups are crucial to the overall ecosystem of a business, they do not directly participate in the internal workings or decision-making processes of an organization. Therefore, when considering who qualifies as internal stakeholders, employees and management are the clear representatives, as they are integral to the organization's success from the inside.

Internal stakeholders encompass those individuals and groups actively involved in the operations of an organization. This includes employees, who perform the day-to-day tasks and contribute to the objectives of the organization, and management, who make strategic decisions and oversee operations. Together, they have a vested interest in the successful functioning of the organization, influencing and being influenced by internal policies, culture, and performance.

In contrast, options that mention government, community, suppliers, and customers refer to external stakeholders. While these groups are crucial to the overall ecosystem of a business, they do not directly participate in the internal workings or decision-making processes of an organization. Therefore, when considering who qualifies as internal stakeholders, employees and management are the clear representatives, as they are integral to the organization's success from the inside.

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