A stakeholder is any group or individual who has an interest in or is affected by the activities of a business.
100
What is the role of Government enterprises.
GEs provide essential community services such as health, education, roads and welfare.
200
Why are financiers a stakeholder of a business?
Financiers provide funds to a business. If the business goes bankrupt or insolvent the financier may not get their money back.
200
What is the term that refers to the process of transferring the ownership of a government enterprise to the private sector?
Privatisation
300
Why are shareholders a stakeholder in business?
Shareholders are the owners of the business. They are concerned with the ability of the business to earn a return on their investment in a sustainable (ongoing) way.
300
Why would a government choose to privatise essential community services?
To save money and improve efficiency.
400
What is the concern of society and environment in business.
The society need the business to ensure that ethical standards of employment are upheld (correct pay and conditions for workers). Competition & innovation result in affordability.
Environmental regulation in business ensures that the environment is preserved for future generations.
500
Name two stakeholders in business and describe their interest.
Financiers, creditors, customers, government, owners, employees, society & environment and other businesses (KFC goes bananas)