Lesson 1.5.1b
1.5.1b How stakeholders affect and impact business and their conflicts Quiz: Pearson Edexcel Business, Unit 5
20 questions
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Lesson 1.5.1b, How stakeholders affect and impact business and their conflicts: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 5: Understanding external influences on business, written with Revision Ninja.
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The 20 questions
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Which negative impact might a factory expansion bring to the local community?
- Increased traffic
- Lower taxes
- Higher dividends
- Cheaper supplies
-
Which conflict of objectives can occur between shareholders and employees?
- Quality versus price
- Sales versus costs
- Dividends versus pay
- Ethics versus law
-
How might a sharp price cut negatively impact shareholders?
- Increased tax rates
- Stricter regulations
- Reduced profit margins
- Higher borrowing costs
-
Which stakeholder group often campaigns against a firm accused of river pollution?
- Lenders
- Suppliers
- Shareholders
- Pressure groups
-
Why must managers often balance conflicting stakeholder objectives?
- Unlimited business funds
- Strict government mandates
- Identical stakeholder goals
- Competing resource demands
-
How can unhappy employees directly disrupt a business's operations?
- Withdrawing capital
- Calling audits
- Industrial action
- Boycotting products
-
Which stakeholder is most directly affected by a new tax on sugary drinks?
- Steel manufacturers
- Drink producers
- Property landlords
- Clothing retailers
-
How can dissatisfied customers most directly impact a business?
- Cutting employee wages
- Switching to rivals
- Halting dividend payouts
- Withholding tax payments
-
Which stakeholder group suffers job losses when a local store closes?
- Local employees
- Central government
- Online competitors
- Overseas suppliers
-
What major problem can late payments cause for a business's suppliers?
- Excess share capital
- Surplus retained profit
- Cash flow issues
- Reduced tax liabilities
-
Whose interests conflict with managers wanting to invest profits in growth?
- Government
- Shareholders
- Suppliers
- Customers
-
Which stakeholder group is most directly affected by a business cutting its workforce?
- Suppliers
- Competitors
- Shareholders
- Employees
-
What is a major benefit for the local community when a new business opens?
- Increased pollution
- Job creation
- Higher tax rates
- Reduced property prices
-
What objective of shareholders often conflicts with the peace of local residents?
- Charitable donations
- Ethical sourcing
- Profit maximisation
- Environmental recycling
-
Which stakeholder group buys products and directly affects sales revenue?
- Government
- Managers
- Customers
- Suppliers
-
Why might businesses fear negative campaigns by pressure groups?
- Higher corporation tax
- Increased interest rates
- Mandatory wage cuts
- Reputation damage
-
What business problem is most likely caused by the bankruptcy of key suppliers?
- Stock shortages
- Lower utility bills
- Excess raw materials
- Surplus storage space
-
Which stakeholder group receives a direct income from higher dividend payments?
- Managers
- Suppliers
- Customers
- Shareholders
-
How can local residents most formally impact a proposed business expansion?
- Strike action
- Wage demands
- Planning objections
- Boycott goods
-
What legal action might a customer take against a business over faulty goods?
- Hostile takeover
- Court claim
- Issuing dividends
- Paying corporation tax
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