KKK 3

Question 1

Stakeholders

Answer 1

Stakeholders are individuals or groups who have a direct or vested interest in the business and who are affected by the decisions made by the business.

Question 2

Employee interest

Answer 2

Employees - reasonable wage and conditions, prospects for advancement and access to suitable training.

Question 3

Employees

Answer 3

those that complete work within the business in exchange for a wage or salary and are those who carry out tasks for the achievement of business objectives.

Question 4

Owners/Shareholders interest

Answer 4

Receive profit in the form of dividends, share price increase, operate in a socially responsible and ethical way.

Question 5

Managers interest

Answer 5

Good salary, bonus or profit-sharing schemes, job satisfaction

Question 6

Government interest

Answer 6

Receive tax, follow legislation e.g. the Equal Opportunity Acts and Industrial Relations legislation etc.

Question 7

Consumers interest

Answer 7

high-quality goods and services, reasonable price

Question 8

Owners

Answer 8

are the individuals or groups that control the assets of a business and profits from them.

Question 9

Managers

Answer 9

those that are responsible for overseeing different areas of the business and for making decisions to ensure the business is achieving its set objectives.

Question 10

Customers

Answer 10

those that purchase goods or services from a business.

Question 11

Suppliers

Answer 11

The organisations that provide resources to a business. These resources will be used to run the business and many will be required for the production of the goods or services.

Question 12

General community

Answer 12

A group of people that live in the same areas in which the business operates.