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    Hashini
    The three types of stakeholders in an organization are employees, customers, and shareholders. Directors are appointed by shareholders. A key stakeholder group for a charity excludes shareholders. Customers are most likely to object to a price increase by a business. The best definition of corporate governance is the systems by which organizations are directed and controlled. A competitor is not an example of a connected stakeholder. Failure to consult all stakeholders before decisions is an unlikely criticism of corporate governance defects. Large-scale loss of members due to disagreement with policies indicates poor governance in a non-profit.

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    Questions 1

    Uploaded by

    Hashini
    286 views2 pages
    The three types of stakeholders in an organization are employees, customers, and shareholders. Directors are appointed by shareholders. A key stakeholder group for a charity excludes shareholders. Customers are most likely to object to a price increase by a business. The best definition of corporate governance is the systems by which organizations are directed and controlled. A competitor is not an example of a connected stakeholder. Failure to consult all stakeholders before decisions is an unlikely criticism of corporate governance defects. Large-scale loss of members due to disagreement with policies indicates poor governance in a non-profit.

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    The three types of stakeholders in an organization are employees, customers, and shareholders. Directors are appointed by shareholders. A key stakeholder group for a charity excludes shareholders. Customers are most likely to object to a price increase by a business. The best definition of corporate governance is the systems by which organizations are directed and controlled. A competitor is not an example of a connected stakeholder. Failure to consult all stakeholders before decisions is an unlikely criticism of corporate governance defects. Large-scale loss of members due to disagreement with policies indicates poor governance in a non-profit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    286 views2 pages

    Questions 1

    Uploaded by

    Hashini
    The three types of stakeholders in an organization are employees, customers, and shareholders. Directors are appointed by shareholders. A key stakeholder group for a charity excludes shareholders. Customers are most likely to object to a price increase by a business. The best definition of corporate governance is the systems by which organizations are directed and controlled. A competitor is not an example of a connected stakeholder. Failure to consult all stakeholders before decisions is an unlikely criticism of corporate governance defects. Large-scale loss of members due to disagreement with policies indicates poor governance in a non-profit.

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    Download as PDF, TXT or read online from Scribd
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    of 2

    Fill in the gaps.

    1. The three types of stakeholder in an organisation are ................, ................ and ..............…

    2. Company directors are appointed by:


    A Auditors
    B The Board
    C Senior management
    D Shareholders

    3. Which one of the following is NOT a key stakeholder group for a charity?
    A Employees and volunteers
    B Shareholders
    C Donors
    D Beneficiaries

    4. The directors of a business want to increase profit by raising the prices for all their products.
    Which one of the following stakeholder groups is most likely to object to this change?
    A Managers
    B Employees
    C Customers
    D Government

    5. What one of the following is the best definition of Corporate Governance?


    A A situation where management acts as agents for shareholders
    B The laws of a country that govern the companies within it
    C The systems by which organisations are directed and controlled
    D A market where a small number of dominant firms control prices and quantities

    6. Which of the following is not an example of a connected stakeholder?


    A A supplier to the organisation
    B A competitor to the organisation
    C A shareholder in the organisation
    D A customer of the organisation

    7. ABC incorporated has been criticised by investors for several defects in its corporate
    governance. Which of the following criticisms is unlikely to have appeared on the list of
    criticisms?
    A The Chairman and Chief Executive of ABC is the same person
    B The Board is responsible for setting its own pay and keeps the details a secret
    C There is no independent audit function
    D It fails to consult all stakeholders before coming to business decisions
    8. Which one of the following would be a symptom of poor corporate governance in a not-for-
    profit organisation?
    A Failure to make an adequate operating surplus each year
    B Failure to eliminate the problems that the organisation was set up to solve
    C Large scale loss of members and subscribers due to their disagreement with the
    policies of the organisation
    D High pay to office holders in the organisation

    9. Which one of the following statements best defines a shareholder?


    A Any person or group with an interest in what the organisation does
    B Any person or group with the power to affect what the organisation does
    C Any person or group who must be consulted before the organisation decides its
    objectives
    D Any person or group with an equity interest in the organisation

    10. What does the term limited liability mean?


    A The owners of the business are not personally liable for the debts of the business
    B There is a maximum limit on the amount that creditors can claim from the firm
    C The firm is responsible to some stakeholders but not to others
    D The firm has a separate legal status from its owners

    11. What is the principal difference between a public and a private company?
    A A private company is much smaller
    B A public company is state-owned
    C The shares of a public company can be traded without each transfer of ownership
    being specifically approved by the other shareholders
    D A private company does not have to file its accounts where the public can read them

    12. Which one of the following is not a power given to shareholders


    A Appointment of executive and non-executive directors
    B Appointment of auditors
    C Deciding on the dividend to be paid each year
    D Votes on resolutions at General Meetings

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