Stakeholders and business success

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Stakeholders and business success

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Kai

United Kingdom

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Stakeholders and business success


Stakeholders and business successOnline version Stakeholders and business success by Kai 1 What is the definition of a stakeholder? a An individual or company that shares ownership of a business b A party that has an interest in the company c Bodies that exist to protect the rights of workers in different sectors of the industry d Businesses or individuals that are owed money by another business 2 Select the roles of an owner in a business Choose one or more answers a Develop strategic competitive advantage b Run the day-to-day activities of the business c Maximise revenue, profit, cash flow, and long term net worth d Eliminate weaknesses, risks, and threats e Recruiting and retaining staff 3 How do employees benefit from a successful business? Written answer 4 Which of these is NOT a responsibility of an employee a Doing job carefully and sincerely b Avoiding putting self in dangerous situations and work within the law c Abide by organisation rules while carrying out work d Creating company policies and procedures e Maintain confidentiality as required 5 How do managers influence how well a business operates? a Making all the long term decisions for the owner b Recruiting staff, creating company policies, making short term and long term decisions c Influencing employees to do as best a job as they can d Completing their job and furthering the progression of the business 6 Which 2 things must managers do when handling employees? a Total clarification of rights, roles, and responsibilities b Give them promotions and bonuses c Ask them for their opinion on important decisions that impacts the companies future d Develop a strong working relationship 7 Why do customers want a business to do well? Written answer 8 Which of these things customers do DOES NOT impact a businesses success? a Switching to competitors b Wanting discounts and sales c Deciding whether to purchase a product/service d Talking to friends, family, and social media about their purchase e Providing feedback/reviews 9 How do suppliers impact a businesses success and why do they want a business to do well? Written answer 10 Which of these is the reason an investor wants a business to succeed? a If businesses cease trade, investors lose capital b They want their money back from loans c More job opportunities and a safe environment d Want businesses to pay corporation tax 11 What is a creditor? Written answer 12 True or False: Creditors do not recieve any ownership state? a True b False 13 Select the reasons a bank influences a businesses success Choose one or more answers a Permitting/denying loan requests b Negotiating overdraft limits c Changing interest rates d Changing repayment lengths 14 A negative social media post comes out about one of the businesses products quality. How might this influence a businesses success? Choose one or more answers a Influencing public opinion and impacting reputation b Driving changes in consumer behaviour c Customers go to competitors instead d The business can resolve it in the comment section 15 Why does a community want a business to be successful? Written answer 16 Which of these things do governments NOT want successful businesses to do? a Pay corporation task b Create jobs and wealth for the population c Reduce employee wages and pay more tax d Provide goods and services to the population 17 A government influences businesses operations by.. a Offering loans and changing interest rates b Driving consumer buying habits to change c Protests and petitions to stop a certain operation d Raising/ lowering corporation tax, introducing laws, offering grants to incentivise farms 18 Name the government sector that has a direct effect on the animal care sector Written answer 19 What is a Trade Union? a Promote and develops commercial and industrial opportunities b A body that exists to protect the rights of workers in different sectors of the industry c A party that has an interest in a company d An individual or business that shares ownership of a business 20 How do trade unions influence business operations? Written answer 21 What common interest do managers and suppliers have? Written answer 22 What common interest do customers and owners have? Written answer 23 What conflicting interest do managers and customers have? Written answer 24 What conflicting interest do owners and trade unions have? Written answer

Stakeholders and business success

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Stakeholders and business successOnline version

by Kai

What is the definition of a stakeholder?

Select the roles of an owner in a business

How do employees benefit from a successful business?

Which of these is NOT a responsibility of an employee

How do managers influence how well a business operates?

Which 2 things must managers do when handling employees?

Why do customers want a business to do well?

Which of these things customers do DOES NOT impact a businesses success?

How do suppliers impact a businesses success and why do they want a business to do well?

Which of these is the reason an investor wants a business to succeed?

What is a creditor?

True or False: Creditors do not recieve any ownership state?

Select the reasons a bank influences a businesses success

A negative social media post comes out about one of the businesses products quality. How might this influence a businesses success?

Why does a community want a business to be successful?

Which of these things do governments NOT want successful businesses to do?

A government influences businesses operations by..

Name the government sector that has a direct effect on the animal care sector

What is a Trade Union?

How do trade unions influence business operations?

What common interest do managers and suppliers have?

What common interest do customers and owners have?

What conflicting interest do managers and customers have?

What conflicting interest do owners and trade unions have?