tq4 ch1 Stakeholders in Business Quiz

What is the definition of a stakeholder in an organisation?

• A person who has an interest in the company's actions and decisions

• A person who invests in the company

• A person who regulates the company

• A person who manages the company

Who are the main shareholders in a large company?

• Non-executive directors

• Executive directors

• Investors seeking return on investment

• Suppliers

What are the main concerns of lenders to a company?

• Company profitability

• Customer satisfaction

• Employee benefits

• Environmental impact

Why do local communities become stakeholders in a business organisation?

• To influence the company's management

• To ensure high employee salaries

• To protect the environment

• To depend on the company for economic wellbeing

Who are considered as connected stakeholders in a company?

• Executive directors and lenders

• Non-executive directors and employees

• Suppliers and customers

• Government and shareholders

What is the purpose of stakeholder mapping?

• To categorize stakeholders based on their age

• To assess main stakeholders and consider winning their support

• To eliminate stakeholders from the decision-making process

• To increase the power of stakeholders

In Mendelow's power/interest matrix, what does a stakeholder with high power and low interest indicate?

• The stakeholder should be kept informed even if they oppose the organization's actions

• Minimal effort is needed to keep the stakeholder informed

• It is important to keep the stakeholder satisfied by avoiding action that might increase their interest

• These stakeholders are key players and it is essential to obtain and keep their support

What is the significance of the general public as stakeholders in major companies?

• To increase the company's profitability

• To control the company's board of directors

• To express concerns about public health and environment

• To influence the company's marketing strategy

What are the main concerns of executive directors and senior managers in a company?

• Pay and working conditions

• Company profitability and dividends

• Customer satisfaction and ethical business practices

• Government regulations and employment law

Why do shareholders become more closely involved in a company when they feel their interests are threatened?

• To reduce the company's debt

• To decrease the company's profitability

• To influence the decisions of the directors

• To increase the company's market share