Stakeholders in commercial organisations

Question 1

Explain the term stakeholder?

Answer 1

Anyone who has a stake (financial interest) in a commercial organization is a stakeholder. Stakeholders, mean all those individuals, groups and institutions which have a stake in the commercial organization or a business enterprise.

Question 2

True or False: Stakeholders only include people who work for the organization.

Answer 2

False

Question 3

Name two types of stakeholders.

Answer 3

Internal stakeholders and external stakeholders.

Question 4

Fill in the blank: Shareholders are considered ______ stakeholders.

Answer 4

internal

Question 5

What role do employees play as stakeholders?

Answer 5

(Employees are internal stakeholders who contribute to the organization’s operations and success.)
They provide mental and physical efforts required for successful working of the enterprise. Their stake is also very crucial for the regular and smooth functioning of the enterprise.

Question 6

Which group is primarily concerned with the profitability of the organization?

Answer 6

Shareholders

Question 7

True or False: Customers (society) are external stakeholders.

Answer 7

True

Question 8

What do suppliers provide to a commercial organization?

Answer 8

Suppliers provide goods and services necessary for the organization’s operations.

Question 9

Name a type of external stakeholder.

Answer 9

Customers, suppliers, or the government.

Question 10

Fill in the blank: The ______ is responsible for regulating commercial organizations.

Answer 10

government

Question 11

True or False: Investors are considered internal stakeholders.

Answer 11

True

Question 12

What is the main concern of creditors as stakeholders?

Answer 12

Creditors are primarily concerned with the organization’s ability to repay its debts.

They busiess owns money to the creditors.

Question 13

Why customer is not a stakeholder?

Answer 13

Anyone who has a stake in a commercial organization is a stakeholder in a firm bcuz they don’t have a stake or financial interest in the firm.

Question 14

expectations of employees?
(5 points)

Answer 14

1-protection of trade union rights
2-safe and comfortable working environment
3-opportunity for education, self-development, promotion and career growth
4-a fair remuneration in the form of wages or salaries
5-quick and fair redressal of grievances(complains).

Question 15

True or False: Stakeholders have no influence on business decisions.

Answer 15

False

Question 16

Expectations of employers?
(5 points)

Answer 16

• safety of capital contributed by them
• equal participatio in policy decisions of the compay
• a public image of the company for which they can feel proud
• a fair and regular return on their capital
  capital
• accurate, up to date info abt the working and financial health of the company

Question 17

Fill in the blank: ______ stakeholders have a direct impact on the organization’s operations.

Answer 17

Internal

Question 18

Expectations of suppliers?
(5points)

Answer 18

• regular orders for supply
• fair prices for the suppliers
• reasonable terms of delivery and payment
• correct information abt the company’s financial position
• healthy and co-operative inter-business

Question 19

Expectations of creditors?
(5 points)

Answer 19

• safety of the loans given to them to the enterprise
• regular payment of interest at the specified times
• return of loans on expiry of the specified time period
• accurate and up to date info abt the financial health of the enterprise
• security in the form of mortgage of assests or personal guanrantee by owners of the enterprise

Question 20

Expectations of Government?
(5 points)

Answer 20

• to follow the laws and regulations of the country
• to pay all the taxes honestly, regularly and in time
• to avoid corrupting public servants
• to make proper use of scarce resources of the nation
• to avoid monopoly and cocentration of economic power

Question 21

What is the role of government as a stakeholder?

Answer 21

The government regulates business activities and ensures compliance with laws and regulations.

Question 22

Fill in the blank: stakeholders who are contributing to the business enterprise from outside the orgaisation are known as ______ stakeholders

this is also the definition of it—

Answer 22

External

Question 23

Expectations of Society?
(5 points)

Answer 23

• to protect the environment from all the types of pollution
• to donate the funds for the charitable and public welfare activites
• to preserve social and cultural values
  to respect human rights including rights of women and children
  to improve the standard of livig of people by promoting educational, medical and cultural institutions

Question 24

Internal stakeholders?

Answer 24

• involved in the business firms within the organisation
  consists of shareholders, employers, employees

Question 25

True or False: All stakeholders have equal power in influencing the organization.

Answer 25

False

Question 26

External stakeholder?

Answer 26

* contributing to the business enterprise **from outside the organisation ** cosists of creditors, suppliers, dealers, competitors,govt, media and society, creditor, supplier.

Question 27

shareholder?

Answer 27

S as owners supply capital and have an imp stake in the enterprise. they assume the risks participates in the profits and overall management | this can be a give reason question

Question 28

employers?

Answer 28

* offers employment opportunities to individuals, in exchange for labour, services, or skills * they hire and engage employers to perform specific taks or roles within their organisation

Question 29

Employees? ## Footnote they are both managers and workers

Answer 29

* they provide mental and physical efforts require for the successful working of the enterprise * their stake is very crucial for the regular and smooth functioning of the enterprise * if the firm makes very little profits they get low salaries and wages

Question 30

True or False: Stakeholders only influence the organization during its formation.

Answer 30

False

Question 31

supplier?

Answer 31

*s provides goods, products, or services to a business or organisation * s offer raw materials, finished products, or various services necessary for the buyer's operations or resale to their own customers. * establishing reliable supplier relationships is essential for maintaning a smooth and efficient flow of goods and services within a business.

Question 32

Fill in the blank: _______ stakeholders include employees, managers, and owners.

Answer 32

Internal

Question 33

creditor?

Answer 33

* individual or entity to whom money, goods or services are owned by another person or business. * someone borrows money or buys goods on credit becames a debtor, the entity which provides money or goods becames the creditor * they have a legal claim to receive the amt owed and may enforce repayment terms or take legal action if the debt is not repaid as agreed

Question 34

Government?

Answer 34

* G represets the public interest and regulatory authority * plays a significant role in overseeing business activites to ensure compliance with laws, regulations, and industry standards. * G may influence the business operations through policy making, taxation.

Question 35

True or False: Only large organizations have stakeholders.

Answer 35

False

Question 36

society?

Answer 36

* refers to broader community and the people affected by a company's operations. * it encompasses customers, employees, local communities.

Question 37

What is the effect of stakeholder satisfaction on a business?

Answer 37

Stakeholder satisfaction can lead to increased loyalty, support, and overall business success.

Question 38

True or False: Stakeholders are only concerned with financial outcomes.

Answer 38

False

Question 39

What is the role of media as a stakeholder?

Answer 39

The media can influence public perception and reputation of the organization.

Question 40

What is an example of a primary stakeholder?

Answer 40

Employees or customers.

Question 41

True or False: Stakeholders can include competitors.

Answer 41

True