Stakeholder 2

Question 1

What is a stakeholder in the context of ACCA?

Answer 1

A stakeholder is any individual or group that has an interest in the activities and outcomes of an organization.

Question 2

True or False: Stakeholders can only be individuals.

Answer 2

False

Question 3

Name one type of internal stakeholder.

Answer 3

Employees

Question 4

Which type of stakeholder includes shareholders and investors?

Answer 4

External stakeholders

Question 5

Fill in the blank: _____ stakeholders are those who are directly involved in the operations of an organization.

Answer 5

Internal

Question 6

What is the primary interest of external stakeholders?

Answer 6

Financial performance and return on investment

Question 7

True or False: Customers are considered external stakeholders.

Answer 7

True

Question 8

What role do suppliers play in stakeholder theory?

Answer 8

Suppliers are external stakeholders that provide resources and materials necessary for the organization’s operations.

Question 9

Which type of stakeholder is primarily concerned with regulatory compliance?

Answer 9

Government agencies

Question 10

What is one potential conflict between stakeholders?

Answer 10

Shareholders seeking higher profits versus employees seeking higher wages.

Question 11

Multiple Choice: Which of the following is NOT an internal stakeholder? A) Management B) Customers C) Employees

Answer 11

B) Customers

Question 12

What is the main focus of community stakeholders?

Answer 12

The social and environmental impact of the organization’s operations.

Question 13

Fill in the blank: _____ stakeholders have a direct financial interest in the company.

Answer 13

Investors

Question 14

True or False: Competitors are considered stakeholders.

Answer 14

False

Question 15

What is a primary concern of employee stakeholders?

Answer 15

Job security and working conditions.

Question 16

Name a type of stakeholder that may influence the organization’s reputation.

Answer 16

Media

Question 17

Multiple Choice: Which stakeholder group is primarily interested in product quality? A) Employees B) Customers C) Investors

Answer 17

B) Customers

Question 18

What is the significance of recognizing various stakeholders in decision-making?

Answer 18

It helps to balance interests and mitigate potential conflicts.

Question 19

True or False: Stakeholder analysis is an important tool for strategic management.

Answer 19

True

Question 20

What do we call the process of identifying and assessing stakeholders?

Answer 20

Stakeholder analysis

Question 21

Fill in the blank: Stakeholders can be classified as _____ or external.

Answer 21

internal

Question 22

Which type of stakeholders may have legal claims against the organization?

Answer 22

Creditors

Question 23

What is one way organizations can engage with their stakeholders?

Answer 23

Conducting surveys or feedback sessions.

Question 24

True or False: Nonprofit organizations do not have stakeholders.

Answer 24

False

Question 25

Name one benefit of stakeholder engagement.

Answer 25

Improved trust and collaboration.

Question 26

Fill in the blank: _____ stakeholders are those who have an indirect interest in the organization’s success.

Answer 26

Secondary

Question 27

What is a common tool used to map stakeholders?

Answer 27

Stakeholder matrix