Lesson 3.2.3
3.2.3 Understanding the role and importance of stakeholders Quiz: AQA Business, Unit 2
20 questions
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Lesson 3.2.3, Understanding the role and importance of stakeholders: 20 multiple choice questions for the AQA Business (7132), Unit 2: Managers, leadership and decision making, written with Revision Ninja.
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The 20 questions
-
Which stakeholder group is classified as internal to a business?
- Local community
- Employees
- Customers
- Suppliers
-
In stakeholder mapping, how should stakeholders with high power and high interest be managed?
- Minimal effort
- Manage closely
- Keep satisfied
- Keep informed
-
In stakeholder mapping, what does stakeholder power measure?
- Total financial investment
- Share capital owned
- Level of concern
- Ability to influence
-
Which two stakeholder groups typically conflict over the allocation of business profits?
- Directors and managers
- Lenders and banks
- Shareholders and employees
- Customers and suppliers
-
What process involves asking stakeholders for their opinions before making a key business decision?
- Gathering their views
- Delegating decision authority
- Ignoring their input
- Informing after decisions
-
Which method is commonly used for direct internal communication with employees?
- Annual reports
- Supplier audits
- Press releases
- Staff meetings
-
On a Mendelow stakeholder matrix, what does stakeholder interest measure?
- Financial voting power
- Concern about decisions
- Ability to obstruct
- Level of ownership
-
Which stakeholder group has the legal power to block store expansions or developments?
- Local council
- Local residents
- Unskilled workers
- Floor staff
-
According to stakeholder mapping, how should a business manage high interest, low power stakeholders?
- Keep them informed
- Keep them satisfied
- Manage them closely
- Monitor them passively
-
A business makes profit of 1,000,000. Shareholders demand 400,000 as dividends and employees want 300,000 in extra wages. How much remains for reinvestment?
- 700,000
- 600,000
- 100,000
- 300,000
-
A business asks employees for their views on a proposed change before it decides. This is an example of:
- Consultation
- Communication only
- Redundancy planning
- Delegation
-
Which two stakeholders share a common interest in the long-term survival of a business?
- Auditors and rivals
- Competitors and taxmen
- Rivals and regulators
- Employees and shareholders
-
What is the primary risk of ignoring a powerful, high-profile pressure group?
- Higher Corporation Tax
- Reputational damage
- Reduced interest rates
- Increased dividend payouts
-
What is the primary financial objective for most company shareholders?
- Prompt invoice payment
- Safe working conditions
- High dividend returns
- Low product prices
-
Which of the following is classified as an external stakeholder of a business?
- Board director
- Operations manager
- Bank lender
- Factory worker
-
Why is it usually impossible for a business to satisfy all stakeholders simultaneously?
- Insufficient legal rights
- Zero stakeholder interest
- Lack of communication
- Conflicting objectives
-
Redirecting profits from shareholder dividends to employee pay represents what type of decision?
- Economies of scale
- Market expansion
- Vertical integration
- Stakeholder trade-off
-
What is the main drawback of attempting to consult every stakeholder before taking action?
- Higher tax liabilities
- Loss of ownership
- Reduced product quality
- Delayed decision-making
-
What is the main obstacle when communicating with geographically dispersed stakeholders?
- Communication barriers
- High tax rates
- Legal wage floors
- Excess dividend payments
-
What is the most immediate negative impact of poor internal communication during business restructuring?
- Low staff morale
- Increased market share
- Lower supplier costs
- Higher dividend yields
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