Certified Supply Chain Professional (CSCP) Practice Exam

Which principle focuses on the identification of stakeholders and their expectations?

1. Sustainability context

2. Materiality

3. Stakeholder inclusiveness

4. Completeness

The correct answer is: Stakeholder inclusiveness

The principle that emphasizes the identification of stakeholders and their expectations is stakeholder inclusiveness. This principle recognizes the importance of involving various stakeholders in the decision-making process, ensuring their views and concerns are considered. By identifying stakeholders, organizations can better understand their needs and expectations, which in turn can inform strategies and operations to align with those interests. Stakeholder inclusiveness encourages effective communication and engagement, fostering trust and cooperation. This principle is crucial for organizations that aim to be responsible and responsive, ensuring that their actions are not only beneficial to their operations but also considerate of how they impact various groups involved or affected by the business. The other principles, while important in their own right, do not specifically address the identification of stakeholders and their expectations. Sustainability context focuses on how an organization's activities align with sustainability goals. Materiality addresses the relevance of information in decision-making processes. Completeness refers to the comprehensiveness of the information provided in reporting practices. Each of these concepts complements stakeholder inclusiveness, but they do not directly target the identification of stakeholders and their expectations.