10 Questions
What is the primary goal of business owners in relation to their employees?
To provide relatively secure jobs and fair wages according to the position of the employee.
What is one of the ways business owners comply with government legislation?
Payment of taxes
What is one of the responsibilities of business owners in relation to their customers?
To provide safe products and services
What is the ultimate goal of business owners in terms of profit?
To maximise profit
Who are some of the other stakeholders involved in business activities besides owners, employees, and customers?
Government, creditors, trade unions, society, and suppliers
What is a primary responsibility of business owners towards their employees?
To provide a safe working environment
Which of the following is a way business owners comply with government legislation?
To pay taxes
What is a responsibility of business owners towards the society?
To protect the surrounding physical environment
Which of the following stakeholders is responsible for making sure that business owners comply with government laws?
Government
What is the primary role of business owners in relation to their customers?
To provide safe products and services
Study Notes
Stakeholders in Business Activities
- Stakeholders include owners, employees, customers, government, and others (creditors, trade unions, society, suppliers)
Roles of Owners/Employers
- Provide relatively secure jobs and fair wages to employees based on their position
- Comply with government legislation, including payment of taxes and publishing annual accounts statements
- Ensure a safe working environment for employees
- Protect the surrounding physical environment
- Provide good employment conditions, such as reasonable working hours, holidays, paid overtime, and regular breaks
- Supply safe products and services to customers
- Aim to maximise profit
Stakeholders in Business Activities
- Stakeholders include owners, employees, customers, government, and others (creditors, trade unions, society, suppliers)
Roles of Owners/Employers
- Provide relatively secure jobs and fair wages to employees based on their position
- Comply with government legislation, including payment of taxes and publishing annual accounts statements
- Ensure a safe working environment for employees
- Protect the surrounding physical environment
- Provide good employment conditions, such as reasonable working hours, holidays, paid overtime, and regular breaks
- Supply safe products and services to customers
- Aim to maximise profit
This quiz covers the roles and responsibilities of stakeholders in business activities, including owners, employees, customers, government, and others.
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