Which of the following is a major source of pressure on unions to decrease the complexity and legalistic nature of collective bargaining contracts?

A) Increased frequency of strikes
B) Declining unionization rates
C) Need for increased workplace flexibility
D) Increasing financialization of business

Stakeholder theory asserts that while there are other stakeholders in business, the most important is still the shareholder and their needs should take precedence of the needs of other stakeholders.