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1.4 True or False

 Reading task

Unit 1.4 - True or False quiz

To test your understanding of this topic (Stakeholders), answer the following true or false questions.

No.StatementTrue or False?
1.Any individual or organization affected by the activities and performance of a business is known as a stakeholder.

True

2.Stakeholders can be both internal and external to a business.

True

3.Stakeholder mapping is a tool that involves organizing stakeholders in a matrix based on their degree of ownership and level of interest in the business.

False - level of power and interest

4.Trainee managers are an external stakeholder group of a business.

False

5.The local community is an example of an external stakeholder group for a business.

True

6.A government's main concerns in business affairs are tax revenues, employment opportunities, and economic growth.

True

7.When managing stakeholders’ interests, successful businesses strive to ensure the interests of most stakeholders are satisfied most of the time.

True

8.Most customers of a business would be highly concerned with how much profit a business earns.

False

9.When managing stakeholder interests, it tends to be more complicated for larger businesses than smaller ones.

True

10.The main concern of pressure groups is how an organization’s business activities will impact the cause that they support.

True

11.According to stakeholder mapping, stakeholders with a high level of interest and high degree of power are the most important to the business.

True

12.Suppliers are not stakeholders because they have no direct interest in how a business performs.

False

13.Stakeholders are not necessarily the owners of a business.

True

14.The main concern or interest of shareholders of a business is profit as this will impact the amount of dividend payments and the value of the company's shares.

True

15.Managers are people hired to be responsible for overseeing certain functions, operations, or departments within an organization.

True

16.Directors are the senior executives who are legally responsible for the overall running of a company on behalf of their shareholders (the legal co-owners of the company).

True

17.A competitor is interested in what rivals are doing as it may impact on their sales revenue and profits.

True

18.The local community’s main concern as a stakeholder group is how a business’s operations will impact on their lifestyle, such as employment and environment.

True

19.A labour union exists to protect the interests of its worker members, such as workers’ pay and conditions of employment.

True

20.Stakeholder conflict refers to the mutually exclusive and incompatible interests of different stakeholder groups of a business organization.

True

Return to the Unit 1.4 - Stakeholders homepage

Return to the Unit 1 - Introduction to Business Management homepage


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