Quiz - Stakeholders & Growth and Evolution

Any individual or organization affected by the activities and performance of a business is known as a stakeholder

• True

• False

Stakeholders can be both internal and external to a business

• False

• True

Suppliers are not stakeholders because they have no direct interest in how a business performs

• True

• False

If a business decides to shut down due to a lack of finance, which stakeholders are mainly impacted

• Employees and Customers

• Suppliers and Society

• Government and Managers

• Customers and Managers

What is the correct definition of a stakeholder

• A person with the main role of holding stakes for a business

• An individual or group that has active interest in a business or is affected by the activities of the business

• An individual or group that has shares in the business or is affected by the activities of the business

• A person who enjoys being around the business

Two or more firms agree to form as a new organization, losing original identities

• Merger

• Joint Venture

• Acquisition

• Take over

Growth type when a business grows using its own resources to increase scale of its operations

• Inorganic

• Nanogranic

• Organic

• Internal

Joint ventures, mergers, takeover and acquisition are all examples of what types of growth

• External

• Internal

• Organic

• Inorganic

All of the following are examples of internal economies of scale EXCEPT

• Financial

• Technical

• Managerial

• Skilled labour

All of the following are examples of external economies of scale EXCEPT

• Purchasing

• Improved transportation

• Regional specialisation

• Technological