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A stakeholder is defined in various ways, all of which have to do with either affecting or being affected by a business. Audi argues that

A "stakeholder" is defined in various ways, all of which have to do with either "affecting" or "being affected by" a business.

Audi argues that it is better to think in terms of constituents of a business than in terms of stakeholders, because none of the proposed definitions of what a stakeholder is guarantee that the stakeholder's interest is alegitimateinterest.

Examples of people who can affect, or be affected by, a business, butnot legitimatelyinclude:

Select one:

a.Regulatory agencies, simply because they have power over businesses.

b.People who may be affected by charitable contributions a company could make abroad, where it does not even have employees or appreciable sales.

c.Would-be thieves, since they can dramatically affect a business.

d.Competitors, who suffer from reduced profits as a result of losing out in a fair competition.

e.All of these.

f.None of these.

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