Understanding Stakeholders in Business

Which of the following best describes a stakeholder in a business context?

• Anyone who buys products from a business

• Any individual or group affected by or able to affect the activities of a business

• Only the employees of a business

• Only the government and regulators

Which of the following is NOT typically considered an external factor in the business environment?

• Economic conditions

• Company culture

• Legal regulations

• Technological changes

What is the primary purpose of stakeholder analysis?

• To increase company profits

• To identify and understand the interests and influence of different stakeholders

• To reduce the number of stakeholders

• To create new products

Which of the following is an example of Corporate Social Responsibility (CSR)?

• Maximising shareholder returns at all costs

• Reducing waste and supporting local charities

• Ignoring environmental regulations

• Focusing only on product quality

Which of the following is a primary stakeholder in a business?

• Local community

• Suppliers

• Employees

• Media

Which of the following is NOT a typical method of stakeholder engagement?

• Public consultations

• Ignoring stakeholder feedback

• Surveys and questionnaires

• Stakeholder meetings

Which of the following is a political factor that can affect the business environment?

• Interest rates

• Tax policies

• Consumer preferences

• Technological innovation

What does the 'S' in PESTLE analysis stand for?

• Social

• Stakeholder

• Strategic

• Sales

Which of the following best describes the concept of 'shared value' in CSR?

• Only shareholders benefit from business activities

• Creating economic value in a way that also creates value for society

• Maximising short-term profits

• Reducing employee wages

Which of the following is a secondary stakeholder?

• Customers

• Employees

• Government agencies

• Owners