Stakeholders and Gov Budget

A stakeholder can be defined as

• A person or group that is affected or has an interest in the business

• A person who invests in a company in return for a financial gain

• A person or group that has no direct interest in the business

• An owner in the company

A Business with the main aim of making a profit is called

• Competitive Business

• Commercial Business

• Non Commercial Business

• Multi functional Business

The Government and Local Community are stakeholders

• True

• False

Pick the non commercial Business from the list below

• Dell Computer

• focus Ireland

• Supervalue

• Apple

A Public Sector Business is

• is owned by both the Government and private business

• is privately owned

• owned by the Government

• is community owned

The National Budget is

• a document showing the government’s revenue and expenditure for the next year.

• a document showing the government’s planned revenue and expenditure for the next year.

• a document showing the government’s revenue and expenditure for the previous year.

• all of the above

If the planned total income is greater than the planned total expenditure, it is a

• extraordinary budget

• balanced budget

• surplus budget

• none of the above

What is the term that describes when planned expenditure will be greater than planned income

• Budget Deficit

• Budget Surplus

• Balanced Budget

• Successful Budget

Which of the following are options when there is a Budget Deficit

• The government will have to borrow money.

• Public expenditure may have to be cut.

• Taxes may be increased.

• all of the above

Increasing expenditure and decreasing taxes are common in times of

• Balanced Budget

• Budget Deficit

• Budget Surplus

• Any Budget