Review Questions - 1.4 and 1.5

(1.4) What are the four examples of stakeholders?

• Employees, managers, shareholders, customers

• 1. Business owners, employees, executives, managers

• 1. Consumers, the public, employees, directors

• 1. Shareholders, Business owners, workers, customers 

(1.4) What isn’t an example of employee interest? 

• Better pay

• Job Security

• More Oppurtunities

• Rough Working conditions

(1.4) How many levels of management are there?

• 5

• 4

• 3

• 6

(1.4) Which management level is focused on overseeing long-term aims and strategies of the business?

• Junior Management

• Middle Management

• Senior Management

• All of the above

(1.4) Which management is also called ‘supervisory management’?

• Junior management

• Middle Management

• Senior Management

• None of the above

(1.4) What are the aims of managers?

• Improve labor productivity

• Improve customer relations

• Improve employee motivation

• All of the above

(1.4) Which of the following statements show reason for stakeholder conflict: 

• 1) Employees demanding higher wages

• 2) Customers may want lower prices 

• 3) Managers demanding businesses to operate in a socially responsible way

• 1 and 2

• 2 and 3

• 1 and 3

• 1,2 and 3

(1.4) Which set doesn’t have all examples of external stakeholders?

• 1. Customers, competitors and community

• 1. Government, public and employees 

• 1. Labor unions, financiers and pressure groups

• 1. Government, competitors and suppliers

(1.4) Can customers be consumers?

• Yes

• No

(1.4) What is an example of financiers?

• Commercial Banks

• Investors

• Insurance companies

• Business Angels