Year 11 Unit 1 Revision Quiz 4

A stakeholder is:

• someone who objects to a business development they do not like

• a person or group of people who have an interest in business activity

• a person or group who always support business activity

• someone who will organise others in developing business activity

Employees as stakeholders are interested in the business activity because:

• they rely on the business for their income

• they want the business to be more successful

• they feel that the business should do just as they say

• they want the government to help them get a higher living wage

Which of the following is not a method by which government as a stakeholder can affect business activity?

• increasing the taxation on business profits

• giving grants to businesses to help new developments

• increasing the number of MPs in parliament

• spending money on new road projects

Which of the following is not an external stakeholder?

• the local community

• an employee

• a supplier

• a customer of the business

Which of the following stakeholder groups is most likely to benefit from a night club owner’s decision to close at 11pm instead of at 3am on weekdays?

• customers

• local community

• suppliers

• the government

A business makes jeans.

Which of the following is the role of its suppliers?

• to advertise the jeans on national television

• to buy large quantities of jeans

• to deliver fabric and fastenings on time

• to pay the wages of the sewing machinists

Which of the following is an internal stakeholder of a business that repairs cars?

• mechanics who work at the garage

• motorists who bring their car to the garage to be repaired

• residents living near to the garage

• the government that creates the laws the garage must obey

A forwards vertical merger is when:

• a business merges with another similar business

• a business merges with a supplier

• a business merges with a business it supplies goods to

• a business merges with a totally different business

A takeover is when:

• a business agrees to join with another business

• a business buys more than 50% of another business

• a business buys any share of another business

• a business takes overpaying the workers at another business

Which of the following is not an example of organic growth?

• increasing output

• merging with a supplier

• developing new products

• gaining new customers