Quiz: Stakeholders & PESTLE

What is an entrepreneur?

• A stakeholder in a business

• Someone who starts and runs a business

• An investor in the stock market

• A customer providing feedback

What stands out about Steve Jobs’ entrepreneurial journey?

• His focus on community work

• His ability to recover from setbacks

• His role as a trade union leader

• His experience as a government agent

What is revenue in business?

• The money spent on goods

• The total money earned by a business

• The net income after expenses

• The services offered to customers

What is the main difference between goods and services?

• A) Goods are intangible, while services are tangible

• B) Goods are physical items, while services are activities or benefits provided

• C) Both goods and services are always tangible

• D) Goods and services are the same

Which of the following is an example of a company that produces goods?

• A legal consulting firm

• A grocery store selling packaged food

• A travel agency providing tours

• An online marketplace offering advice

Which of the following defines a stakeholder?

• A person with a direct interest in a business

• A competitor in the same market

• A freelance worker for multiple companies

• None of the above

How do employees serve as stakeholders in a business?

• By owning shares in the company

• By providing labor and skills to achieve business goals

What does PESTLE stand for?

• Political, Economic, Social, Technological, Legal, Environmental

• Production, Energy, Services, Trade, Law, Ethics

• Planning, Evaluation, Systems, Technology, Leadership, Education

• Practical, Ethical, Sustainable, Technological, Labor, Environment

Which factor in PESTLE refers to the changes in cultural and societal norms?

• Economic

• Political

• Social

• Legal

How did McDonald's adapt its strategy to mitigate risks from Brexit?

• Increased investment in new franchises

• Relocated headquarters to other regions

• Developed localized sourcing strategies

• Enhanced digital marketing efforts