Font size
WorksheetsBusiness Stakeholders As Level Cambridge
Total questions: 17
Worksheet time: 11mins
Stakeholder is...
an owner of shares in a company.
a person or group of people who have an interest in a company and can either affect or be affected by the business.
Shareholder is...
a person or group of people who have an interest in a company and can either affect or be affected by the business.
an owner of shares in a company.
Which stakeholder? They want to make a profit on the money they have invested in the business...
Customers
The government
Owners/shareholders
Managers
Which stakeholder? They want to buy quality goods from a business for a fair price.
The government
Suppliers
Employees
Customers
Which Stakeholder? Businesses pay them taxes.
Local community
The government
Banks/lenders
Shareholders/owners
Which stakeholder? They often want to receive a promotion or a pay rise.
Owners
Customers
Employees
Local community
Which stakeholder? They try to make sure that the business achieves all of its objectives.
Local community
Managers
Shareholders
Employees
The view that businesses and their managers have responsibilities to a wide range of groups, not just shareholders best describes...
the shareholder concept
the stakeholder concept
What stakeholders are
What responsibilities do businesses have to their employees?
Training opportunities
Satisfy customers’ demands
Keep adverse environmental effects to a minimum
Reasonable prices
Multi answer - benefits of being responsible towards customers
Local councils more likely to give planning permission to expand the business
Good publicity
Consumer loyalty
Businesses to receive valuable government contracts
Multi answer - What responsibilities do businesses have to their suppliers?
Place regular orders
Pay promptly
Good working conditions
Offer long-term contracts
Multi answer - benefits of being responsible to suppliers?
Prepared to meet deadlines and requests for special orders
Staff involvement in decision-making
Good customer feedback which helps to improve further goods and services
Reasonable credit terms more likely to be offered
Multi answer - What responsibilities do businesses have to their employees?
Staff involvement in decision-making
Training opportunities
Keep adverse environmental effects to a minimum
Receive subsidies to expand businesses
Good working conditions
Multi answer - benefits of being responsible to employees?
Good customer feedback which helps to improve further goods and services
Employee loyalty
Reasonable credit terms more likely to be offered
Improved motivation
Lower turnover (less staff leave)
Multi answer - What responsibilities do businesses have to the government?
Staff involvement in decision-making
Business should pay taxes on time and complete other forms accurately
Offer secure employment so that there is less local fear of job losses
All businesses should meet their legal responsibilities as defined by the government legislation
Multi answer - benefits of being responsible to the government?
Improved motivation
Businesses to receive valuable government contracts
Good relations might lead to success with expansion projects receiving planning permission
Job security
What stakeholders may be affected if a retailer was to close 10 stores?
Customers
Employees
Local community
