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Question
Explain the expectations of government from a business enterprise.
Solution
An ideal Government should expect:
- to follow the laws and regulations of the country
- to pay all taxes honestly, regularly and on time
- to avoid corrupting public servants
- to make proper use of the scarce resources of the nation
- to assist in solving national problems like poverty, unemployment, unbalanced regional growth, etc.
- to avoid monopoly and concentration of economic power.
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RELATED QUESTIONS
Which one is not a way to manage stakeholder expectations?
The ______ expects the organisation to follow the laws of the country, pay taxes honestly etc.
To help the weaker sections of society by giving them preference in employment, to respect human rights including rights of women and children etc. are expectations of ______.
Every stakeholder group expects something from a business organisation. Which of the following are the two expectations of suppliers?
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Employees | i | Regular orders for supply |
| (b) | Government | ii | Protection of trade union rights |
| (c) | Society | iii | Protection of environment from pollution |
| (d) | Suppliers | iv | Avoid corrupting public servants |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Owners | i | May make decisions which affect the business |
| (b) | Suppliers | ii | Want product at good prices |
| (c) | Customers | iii | Want business to grow and make profits |
| (d) | Manager | iv | May increase their prices |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Suppliers | i | Contribution of business to the local economy |
| (b) | Employees | ii | Provide capital |
| (C) | Shareholders | iii | Provide physical and mental efforts |
| (d) | General public | iv | Provide raw materials to the firm |
State any two expectations of the general public from a business organisation.
Give any five expectations of employees from a business enterprise.
Explain the conflicting needs of the stakeholders of a company.
