ASSERTION: Stakeholders is a much wider term than shareholders. REASONING: The term shareholders is used only in connection with a joint stock company, but the term stakeholders is used in connection with all business enterprises

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A is true, and R is the correct explanation for A. Explanation: Assertion (A)TgQPHd|[] is true because stakeholders include employees, customers, and communities, while shareholders only own stock. Reasoning (R)TgQPHd|[] is true and correctly explains A because shareholders only exist in joint-stock companies, whereas every business enterprise has stakeholders.

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