Who are considered those with an interest in the activities of a business?

The correct answer is stakeholders because the term encompasses all individuals or groups that have an interest or concern in the activities of a business. This includes not only investors and employees but also customers, suppliers, and the wider community. Stakeholders can affect or be affected by the business's operations and performance, making their interest crucial for the organization’s success.

Investors are indeed stakeholders, but they represent just one specific group focused primarily on financial returns. Employees also hold a stake in the business as they are directly involved in its operations; however, they constitute a subset of the broader stakeholder group. Managers, too, are stakeholders as they are responsible for running the business, but their role is again specific compared to the wider interest of all stakeholders. Therefore, "stakeholders" is the most inclusive and accurate term, reflecting the diverse array of interests at play in any business.