1.4 Stakeholders

Which of the following best describes the term stakeholder? An individual or organisation that:

• Owns part of a business

• Provides a business with raw materials

• Is affected by, or has an interest in, the activities of a business

• Provides finance for a business

Which of the following stakeholders is most likely to have the objective of receiving high dividend payments?

• Employees

• Suppliers

• Shareholders

• Customers

Which of the following describes one way employees could influence a business?

• By demanding a longer payment period for supplies

• By negotiating better working conditions

• By no longer purchasing the goods or services of a business

• By electing who sits on the board of directors

Which of the following stakeholders would have the objective of prompt payment for goods and services provided?

• Suppliers

• Local community

• Employees

• Customers

Which of the following would represent a stakeholder objective of a customer?

• Good quality products that reflect the selling price

• Maximising pay levels

• Increase in the share price

• Rise in dividend payments

Reducing congestion and pollution created by a local factory is most likely to be the objective of:

• Customers

• Local community

• Suppliers

• Employees

A business decides to donate 5% of its profits to an organisation that provides a youth club facility to young people. Which of the following stakeholder groups is most likely to be affected by this decision?

• Employees

• Suppliers

• Customers

• The local community

The decision to not pay out a yearly dividend is most likely to be opposed by:

• Employees

• Shareholders

• Suppliers

• Customers

A local community has raised concerns over plans to open a 24-hour fast food business in the area. The local community could influence this business decision most effectively by:

• Voting

• Protesting

• Striking

• Boycotting purchasing its food

Which of the following stakeholders is most likely to have the objective of maximising pay?

• Suppliers

• Customers

• Owners

• Employees