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1.4 Smart quiz questions
Unit 1.4 Smart quiz questions
Review your understanding of Unit 1.4 Stakeholders by taking this smart quiz. You will need to drag and drop the correct terms into the spaces provided in each question. There are 16 questions in total in this quiz. Do note that there are distractors (incorrect options) included as an extra challenge!
Arbitration independent internal shareholder disagreeing agreeing Conciliation stakeholder
is a method of conflict resolution with all stakeholder groups in conflict to accept the decision or judgment of the arbitrator.
Arbitration is a method of stakeholder conflict resolution with all stakeholder groups in conflict agreeing to accept the decision or judgment of the independent arbitrator.
segment consumers customers Suppliers Competitors industry Task-forces
are the firm’s rivals, which operate in the same and contest for the same .
Competitors are the firm’s rivals, which operate in the same industry and contest for the same customers.
Conciliation Litigation finances Arbitration compatible incompatible interests shareholder stakeholder
is a method of conflict resolution which aims to align the interests of different stakeholder groups by helping different parties to better understand each other’s .
Conciliation is a method of stakeholder conflict resolution which aims to align the incompatible interests of different stakeholder groups by helping different parties to better understand each other’s interests.
arguments stakeholder Objection shareholder incompatible Conflict disagreements compatible
refers to the mutually exclusive and interests of different groups. If this is not managed, it often leads to protracted , disputes, and arguments in the workplace.
Conflict refers to the mutually exclusive and incompatible interests of different stakeholder groups. If this is not managed, it often leads to protracted disagreements, disputes, and arguments in the workplace.
Customers Suppliers investors individuals organization’s money products Consumers
are the firm’s clients, and other businesses, who purchase the goods and/or services. Their interests include competitive prices, fit-for-purpose and overall value for .
Customers are the firm’s clients, individuals and other businesses, who purchase the organization’s goods and/or services. Their interests include competitive prices, fit-for-purpose products and overall value for money.
Directors senior managers behalf owners franchise operators company Producers Supervisors
are the group of who run a company on of the of the .
Directors are the group of senior managers who run a company on behalf of the owners of the company.
market job security price Employees career Executives product Directors remuneration package self-actualization
are the workers within an organization. Their interests include having , a competitive , a safe working environment, and opportunities for development.
Employees are the workers within an organization. Their interests include having job security, a competitive remuneration package, a safe working environment, and opportunities for career development.
operations shareholder Internal stakeholder External profits losses suppliers
stakeholders are groups that are not directly involved in the running of an organization but have a direct interest in its .
External stakeholders are stakeholder groups that are not directly involved in the running of an organization but have a direct interest in its operations.
profits investors Finances entrepreneurs Financiers Investors debts dividends sales revenue
are the financial institutions (such as banks) and individual who provide an external source of finance for businesses. They are interested in the organization’s ability to generate and to repay .
Financiers are the financial institutions (such as banks) and individual investors who provide an external source of finance for businesses. They are interested in the organization’s ability to generate profits and to repay debts.
stakeholders employees shareholders suppliers outsourced firms
Internal are part of the organization, such as , managers, directors, and .
Internal stakeholders are part of the organization, such as employees, managers, directors, and shareholders.
local activities local community responsible focus-group jobs sales revenues profitable
A refers to the general public and businesses that have a direct interest in the of the organization. They are interested in the firm’s ability to create and to operate in a socially way.
A local community refers to the general public and local businesses that have a direct interest in the activities of the organization. They are interested in the firm’s ability to create jobs and to operate in a socially responsible way.
Managers overseeing operating Directors departments Agents
are the people hired to be responsible for certain functions, operations, or within an organization.
Managers are the people hired to be responsible for overseeing certain functions, operations, or departments within an organization.
socialist opinions concern demand public opinion desired Boycotting Pressure groups influence Collective bargaining
refers to individuals who come together or organizations that are set up for a common . They aim to government and in order to create a social change.
Pressure groups refer to individuals who come together or organizations that are set up for a common concern. They aim to influence government and public opinion in order to create a desired social change.
dividends Stakeholders invested shares Shareholders limited liability private limited share sales selling
are the people or organizations that have in a company. Their interest is financial, i.e. regular and a higher price.
Shareholders are the people or organizations that have shares in a limited liability company. Their interest is financial, i.e. regular dividends and a higher share price.
size Shareholders Stakeholders performance interest Suppliers goals
are the individuals, organizations or groups with a vested in the actions and outcomes of a specific organization. They are directly affected by the of the business.
Stakeholders are the individuals, organizations or groups with a vested interest in the actions and outcomes of a specific organization. They are directly affected by the performance of the business.
provide consumers receiving other use Suppliers customers businesses
are organizations that the goods and support services for . Their interests include regular orders and receiving payments from their business in a time manner.
Suppliers are organizations that provide the goods and support services for other businesses. Their interests include receiving regular orders and receiving payments from their business customers in a time manner.
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