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Chapter 1: Business organisations and their stakeholders

Total questions: 22

Worksheet time: 11mins

Name
Class
Date
1.

Câu 1. The primary objective of profit organizations is to maximize profit.

a)

True

b)

False

2.

Câu 2. The primary objective of Not-for-profit organizations is to reduce costs of their operations and thus minimize the burden on taxpayers.

a)

True

b)

False

3.

Câu 3. The primary objective of profit organizations is to maximize the output of goods or service.

a)

True

b)

False

4.

Câu 4. Charities would usually be classified as a type of non-governmental organisation (NGO)

a)

True

b)

False

5.

Câu 5. The interests of customers and shareholders can often appear to conflict – for example in the quality of goods and services.

a)

True

b)

False

6.

Câu 6. A company is using a communication strategy aimed at explaining the rationale behind its actions to its stakeholders. Using Mendelow’s matrix, these stakeholders would be categorised as ‘minimal effort’.

a)

True

b)

False

7.

Câu 7. Which of the following is NOT a key feature of an organisation?

a)

A. Controlled performance

b)

B. Collective goals  

c)

C. Social arrangements     

d)

D. Creation of a product or service

8.

Câu 8. Which of the following organisations is normally found in the public sector?

a)

A. Schools             

b)

B. Charities

c)

C. Clubs     

d)

D. Businesses

9.

Câu 9. The public sector is normally concerned with:

a)

A. making profit from the sale of goods.

b)

B. providing services to specific groups funded from charitable donations.

c)

C. the provision of basic government services.

d)

D. raising funds by subscriptions from members to provide common services.

10.

Câu 10. A Co is a company which specialises in forestry. It has recently purchased B Co, which runs a chain of recreational resorts. A has allowed B to build several new resorts on land which is owned by A, but which it is no longer able to use. The resorts have proven highly profitable and popular. Which of the following best explains the reason for the improved performance of the combined entity?

a)

A. Specialisation    

b)

B. Social interactivity

c)

C. Synergy  

d)

D. Service

11.

Câu 11. “An organisation that is owned and democratically controlled by its members’? To which type of organisation does this definition relate?

a)

A. Charities  

b)

B. Non-governmental organisations

c)

C. Co-operatives

d)

D. Private limited companies

12.

Câu 12. Employees are ---- stakeholders, while finance providers are --- stakeholders. Which two words fill the gaps in the above sentence?

a)

A. Internal, Connected    

b)

B. External, Internal

c)

C. Connected, Outsiders   

d)

D. Internal, Suppliers

13.

Câu 13. Stakeholders can be classified in several different ways, including:

(i)            Primary                                                               

(ii)          External

(iii)         Connected                                                           

(iv)         Secondary

Which TWO categories would pressure groups usually be included within?

a)

A. (i) and (iii)

b)

B. (i) and (iv)

c)

C. (ii) and (iv)

d)

D. (iii) and (iv)

14.

Câu 14. According to Mendelow, which of the following is an appropriate approach to take towards stakeholders who have low levels of power and low levels of interest?

a)

A. minimal effort

b)

B. keep informed

c)

C. keep satisfied

d)

D. key players

15.

Câu 15. According to Mendelow, which of the following is an appropriate approach to take towards stakeholders who have high levels of power and low levels of interest?

a)

A. minimal effort

b)

B. keep informed

c)

C. keep satisfied

d)

D. key players

16.

Câu 16. According to Mendelow, which of the following is an appropriate approach to take towards stakeholders who have high levels of power and high levels of interest?

a)

A. minimal effort

b)

B. keep informed

c)

C. keep satisfied

d)

D. key players

17.

Câu 17. According to Mendelow, which of the following is an appropriate approach to take towards stakeholders who have low levels of power and high levels of interest?

a)

A. minimal effort

b)

B. keep informed

c)

C. keep satisfied

d)

D. key players

18.

Câu 18. Which of the following words completes this sentence appropriately?

An organisation is a social arrangement which pursues collective………, which controls its own performance and has a boundary separating it from its environment. Choose the properly word:

a)

A.   Goals

b)

B.   Profits

c)

C. Stakeholders

d)

D.   Tactics

19.

Câu 19. What is the term given to the idea that the combined output of a number of individuals working together will exceed that of the same individuals working separately?

a)

Sympathy

b)

Specialization

c)

The Synergy

d)

Systems thinking

20.

Câu 20. ADB is a business which is owned by its workers. The workers share the profits and they each have a vote on how the business is run. Which of the following should be used to describe ADB?

a)

Public sector

b)

Private sector

c)

Not-for-profit

d)

Co-operative

21.

Câu 21. Which of the following statements regarding limited companies is correct?

a)

A. Public limited companies have access to a wider pool of finance than partnerships or sole traders

b)

B. Both public and private limited companies are allowed to sell shares to the public

c)

C. Companies are always owned by many different investors.

d)

D. Shareholders are liable for any debts the company may incur.

22.

Câu 22. The following are stakeholders of a business organisation:

1.    Manager

2.    Customer

3.    Executive Director

4.    Supplier

Which of the above are CONNECTED stakeholders?

a)

1 and 2 only

b)

2 and 4 only

c)

2 and 3 only

d)

3 and 4 only