Which of the following statements related to a firm's stakeholders is not true?

Multiple Choice

While external stakeholders are those who make contributions toward the firm, internal stakeholders are those who reap all the benefits.

A firm's stakeholders include organizations and groups along with individuals who can affect or be affected by the firm's actions.

If internal or external stakeholders withhold participation in the firm's exchange relationships, it can have severe negative performance implications.

Effective stakeholder management is an example of how managers can act to enhance a firm's competitive advantage.