OCR (9-1) - Business - 1.5 Stakeholders

OCR (9-1) - Business - 1.5 Stakeholders

Assessment

Quiz

Business

10th - 11th Grade

Medium

Created by

L Birchall

Used 1+ times

FREE Resource

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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

External stakeholders include 
Customers 
Shareholders 
Employees 
Directors 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define what is meant by a stakeholder
A stakeholder is anyone with an interest in a business. Stakeholders are individualsgroups or organisations that are affected by the activity of the business. 
A person who sets up a business or businesses, taking on financial risks in the hope of profit.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These stakeholders are considered to be 'internal'
Customers, suppliers, local community, pressure groups, government and financiers
Owners/shareholders and employees

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These stakeholders are considered to be 'external'
Customers, suppliers, local community, pressure groups, government and financiers
Owners/shareholders and employees

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role and objectives of an owner (internal shareholder)?
Role - To start and run a business to make a profit.  Objectives - to survive, make a profit.
Role - To work work in a business in return for wages.  Objectives - Job satisfaction, job security and job promotion.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role and objectives of an employee (internal shareholder)?
Role - To start and run a business to make a profit.  Objectives - to survive, make a profit.
Role - To work in a business in return for wages.  Objectives - Job satisfaction, job security and job promotion.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is likely to cause conflict between an employee and employer?
Employees want a pay rise, employees don't want this as profit is reduced.  If there's no agreement trade unions intervene to negotiate.
Supplier wants a to sell their raw materials at a higher price but the business wants to buy them at a low price.
Employers want to use profit to expand the business.  Shareholders want to all of the profits in the form of dividends.
The council decides to allow a business to build an incinerator in residential area.

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