REMINDER : For example, within a business, internal stakeholders might be employees and managers. Outside the business, external stakeholders may include standards agencies, customers, the government, young people and the local community in which the business operates.
1. We examined various internal and external stakeholders. The economic concept of scarcity infers that if a company uses resources to fund local arts organizations, those funds cannot be used as dividends to stockholders (or vice versa). What balance do you should be generally be sought between the profit motive and various philanthropic efforts?
2. Not-for-profit organizations sometimes pay huge salaries to CEOs. Would you be in favor of limiting employee salaries as part of the requirements for being granted not-for-profit status? Explain the reasoning behind your opinion.
