EXAMINATION TEST 2026 QUESTIONS WITH
ANSWERS GRADED A+
◉ Who are the internal stakeholders? Answer: Owners
Employees
◉ Who are external stakeholders? Answer: Customers (want high
quality products at low prices)
Suppliers (Want fair price & be paid on time)
Local Community (will gain if business provides local employment,
suffer if noise, pollution etc)
Government (Get more taxes when firm makes good profits)
Creditors (E.g. bank wants loans paid back on time)
◉ True or False: Each stakeholder group has its own objectives and
managers of a firm must decide the extent to which they should change
their behaviour to meet these objectives. Answer: True
◉ What is an important balance when making big decisions between?
Answer: Short term profit and social responsibility