Business activity

What is a stakeholder?

• an individual or a group which has an interest in a business
  

• a person or a business who owns shares in a company

• someone who takes the financial risk of starting their own business

Which of the following is an example of an internal stakeholder?

• suppliers

• lenders

• owners/shareholders

Which of the following is an example of an external stakeholder?

• local community
  

• managers

• owners/shareholders

Which stakeholder has the objective of a fair wage, good working conditions and job security?

• suppliers

• employees

• government

Which stakeholder has the objective of wanting variety, good quality products and value

for money?

• managers

• customer

• lenders

Which of the following two stakeholders would have conflicting objectives if a new business brought with it road congestion and air and noise pollution?

• suppliers would conflict with owners / shareholders

• owners / shareholders would conflict with the local community

• government would conflict with employees

The statement of ‘We want businesses to pay taxes and to pay them on time and hope the business will

provide employment to help keep our spending on unemployment benefits to a minimum’ will likely come from ........

• government

• lenders

• managers

The statement of "‘We hope to get salary increases and the opportunity for promotion, career development and our

departments to be successful. If the business performs well we might get a bonus. We want our jobs to give us status’ will likely come from ....

• employees

• owners/shareholders

• managers

Select which two stakeholder objectives conflict if one wants lower prices and the other higher profits?

• owner / shareholder will conflict with employees

• customers will conflict with owners / shareholders

• customers will conflict with suppliers

Select which two stakeholder objectives conflict if one wants paying on time and the other

wants extended credit terms to delay payment?

• suppliers will conflict with owner / shareholder

• owner / shareholder will conflict with managers

• local community will conflict with suppliers