Which stakeholder group comprises the workforce of a business?

Which stakeholder group comprises the workforce of a business?

• A. Shareholders
• B. Managers
• C. Employees
• D. Customers

Answer: (C)

The main idea being tested is who makes up the people working for a business. The group that comprises the workforce are the employees—those hired to perform tasks, operate systems, and deliver the company’s goods or services. Employees are internal stakeholders because decisions about pay, working conditions, and job security directly affect them. Shareholders are owners who invest capital and seek returns; they are important stakeholders but not part of the workforce. Managers are responsible for directing work, and while they are employees themselves, the term workforce refers to all staff, not just a subset. Customers are external to the business and do not contribute labor. So the group that makes up the workforce is the employees.

The main idea being tested is who makes up the people working for a business. The group that comprises the workforce are the employees—those hired to perform tasks, operate systems, and deliver the company’s goods or services. Employees are internal stakeholders because decisions about pay, working conditions, and job security directly affect them. Shareholders are owners who invest capital and seek returns; they are important stakeholders but not part of the workforce. Managers are responsible for directing work, and while they are employees themselves, the term workforce refers to all staff, not just a subset. Customers are external to the business and do not contribute labor. So the group that makes up the workforce is the employees.