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WorksheetsIB Business Management HL - Kognity - 1.4 - Stakeholders Review
Total questions: 21
Worksheet time: 11mins
What is a stakeholder?
Someone who is holding a steak
Someone who is interested in improving the company for the greater good
Someone who is interested in bringing the company down
Someone who has invested in the company
Select all types of stakeholders:
Internal Stakeholders
Business Stakeholders
External Stakeholders
Class Stakeholders
Why are stakeholders important?
They can invest money and resources into the company
They hold your steak while you put sauce on it
They can make internal decision within the company
They have an interest and can impact the company
Who classifies as an internal stakeholder?
Customers
Board Members
Employees
Suppliers
Who classifies as an external stakeholder?
Customers
Board Members
Employees
Suppliers
What are the three types of sustainability?
Economic
Sociocultural
Emotional
Environmental
Governments implementing taxation policies and regulatory frameworks - laws and regulations
External Stakeholders
Internal Stakeholders
Both
None of the above
Define environmental impact, the effect of human activity on the environment in the form of creating environmental imbalance:
The positive effects of business activity on the natural environment
The negative effects of business activity on the natural environment
Sustainable business methods that maintain ecosystems
Rules aimed at finding the right balance between protecting the environment while encouraging economic growth
How can keeping stakeholders happy benefit a business?
Improve productivity
Enhance corporate image
Increase sales
All of the above
Who is responsible for identifying and balancing the different needs of various stakeholders?
Managers
Customers
Workers
Government
Who are stakeholders in a business?
Only Shareholders
Only Customers
Individuals or groups affected by or affecting the actions of the business
Only employees
Which of the following is an example of an internal stakeholder in a business?
Customers
Suppliers
Employees
Competitors
What is the primary interest of shareholders as stakeholders?
Long-term sustainability
Environmental impact
Profit and return on investment
Employee well-being
How do stakeholders influence business decisions?
They have no influence
By investing only
Through legal action
Through their interests, demands, and feedback
Which of the following is an example of an external stakeholder for a technology company?
Employees
Shareholders
Regulatory Agencies
Management
Why is it important for businesses to consider the interests of stakeholders?
It is not important
To maximize only shareholder wealth
To ensure ethical business practices and long-term success
To exclude members from the market
What role do customers play as stakeholders in a business?
Only as a source of revenue
Providing jobs
Exclusively as a regulatory authority
Influencing product development, sales, and business reputation
In stakeholder theory, which perspective suggests that businesses should balance the interests of different stakeholders to achieve long-term success?
Shareholder primacy
Stakeholder maximization
Corporate hegemony
Profit maximization
What is the primary concern of shareholders as stakeholders in a business?
Social responsibility
Profit and return on investment
Employee satisfaction
Environmental sustainability
Why is it important for businesses to maintain positive relationships with their suppliers as stakeholders?
Suppliers have no impact on business success
To ensure legal compliance only
Suppliers are not considered stakeholders
Dependence on a reliable supply chain for goods and services
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