In the ethical decision$-$making framework, the main difference between identifying the stakeholders and considering how those stakeholders might be impacted by a decision is that

Multiple Choice

after a firm identifies the stakeholders affected, it must then consider the future implications of the decision being made.

before a firm identifies the stakeholders affected, it must first consider the future implications of the decision being made.

a firm only needs to consider the impact of the decision if the stakeholders identified indicate there is a need to do so$.$

as the firm identifies the stakeholders, it must anticipate which ones will be most affected by the decision being made.