What is a 'Conflict of Interests'?

When two stakeholders want different things

Which definition is most accurate for the term 'triple bottom line'

Economic, social and environmental performance of a business

Which example most accurately describes a conflict of interest between INTERNAL stakeholders

Employees want pay rises but this will reduce the profit

Which definition is most accurate for the key word 'Stakeholder'

Someone with a direct or vested interest

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Stakeholders

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Business Management quiz on Stakeholders #business management #stakeholders

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Questions 15

Answers

1
What is a 'Conflict of Interests'?
When banks compete with each other
When money has to be paid back
When owners and customers want the same thing
When two stakeholders want different things
2
Which definition is most accurate for the term 'triple bottom line'
Profit, economic and environmental performance of a business
Profit, economic and social performance of a business
Revenue, cost and profit of a business
Economic, social and environmental performance of a business
3
Which of the following is NOT an Interest Group stakeholder of a business?
Consumer Groups
Competitors
Trade Unions
Specific Issues Group
4
Which example most accurately describes a conflict of interest between INTERNAL stakeholders
Employees want pay rises but this will reduce the profit
Suppliers providing ethical goods might not get the sales
Mgmt might neglect maintenance that affects the local area
Management maintain profit by increasing prices to customers
5
Which stakeholder is most interested in profits?
Local Community
Owners
Employees
Suppliers
6
What do employees want from a business?
No fringe benefits
Higher wages and job security
More work for less money
Poor working conditions
7
Which stakeholder wants prices to fall?
Customers
Competitors
Local community
Suppliers
8
Which stakeholder is most interested in profits?
Employees
Local Community
Owners
Suppliers
9
A conflict that could arise between Cadburys shareholders and customers are
They both want more profit
They both want value for money
They want different things
They both want the same thing
10
Which of the following is an INTERNAL stakeholder of a business?
Manager
Interest Groups
Competitors
Customer
11
Which definition is most accurate for the key word 'Stakeholder'
Someone with an investment
Someone with a direct or vested interest
Someone who likes the business
Someone with a share
12
What interest would the local community have on a business?
More job opportunities
More tax
More revenue
More profit
13
Why would the local community object to a business?
Investment in the area
Jobs in the area
Money to suppliers
Pollution
14
Which of the following is an EXTERNAL OPERATING stakeholder of a business?
Owners
Manager
Shareholder
Competitors
15
Which of the following is an EXTERNAL MACRO stakeholder of a business?
Shareholders
Customer
Competitors
General Community

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