Stakeholders and Management Quiz

Which stakeholder has the greatest concern about the profits the company is making?

• Communities

• Investors

• Suppliers

• Government

All shareholders are stakeholders because they have a vested interest in the company’s performance and outcomes.

• True

• False

_____________ stakeholders are not directly involved but are still affected by the organization's actions, like customers, suppliers, the community, and government entities.

• Internal

• Extra

• External

• All

___________ stakeholders are those who are directly involved with the organization and its operations, such as employees, managers, and shareholders.

• Internal

• Extra

• External

• All

An employee had a great month in sales. The manager awards them a certificate in front of the team. This is an example of _________.

• Planning

• Organizing

• Leading

• Controlling

The manager has just given a group a new project. S/he needs to decide how long this project will take to complete. This is an example of __________.

• Planning

• Organizing

• Leading

• Controlling

A manager sends a weekly update email to his team so they know where they stand in a project. This is an example of ___________.

• Planning

• Organizing

• Leading

• Controlling

When a manager decides which employees will work on a team together to complete a task. This is ______.

• Planning

• Organizing

• Leading

• Controlling

What are the 4 Functions of Management?

• Planning, Organizing, Leading, and Controlling

• Budgeting, Scheduling, Managing, Reporting

• Supervising, Directing, Evaluating, Coordinating

• Planning, Executing, Measuring, Innovating

A local hairdresser wants to update her salon. After some research, she determines she can afford to buy new chairs and stations, replace the flooring, and paint the walls. The act of her updating her business is....

• Operations

• Financing

• Investing