True or False: Internal stakeholders include the government, community, and pressure groups.

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

True or False: Internal stakeholders include the government, community, and pressure groups.

Explanation:
The statement is false because internal stakeholders primarily consist of individuals or groups directly involved in the organization, such as employees, management, and owners. These stakeholders are integral to the operations and decision-making processes of the organization. On the other hand, external stakeholders include entities like the government, community, and pressure groups. These external parties can influence or be influenced by the organization's activities but do not participate in its day-to-day operations or decision-making. Recognizing the distinction between internal and external stakeholders is crucial in understanding organizational dynamics and stakeholder management.

The statement is false because internal stakeholders primarily consist of individuals or groups directly involved in the organization, such as employees, management, and owners. These stakeholders are integral to the operations and decision-making processes of the organization.

On the other hand, external stakeholders include entities like the government, community, and pressure groups. These external parties can influence or be influenced by the organization's activities but do not participate in its day-to-day operations or decision-making. Recognizing the distinction between internal and external stakeholders is crucial in understanding organizational dynamics and stakeholder management.

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