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Question
Stakeholders who contribute to the business enterprise from outside the organisation are known as ______.
Options
External Stakeholder
Internal Stakeholder
General Public
Creditors
Solution
Stakeholders who contribute to the business enterprise from outside the organisation are known as External Stakeholder.
Explanation:
External stakeholders are individuals or groups outside the organization that have an interest in the company's operations and outcomes. This includes entities like customers, suppliers, creditors, and the government. Although external stakeholders are not part of the organization, they are affected by its activities and can influence its performance.
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Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | External stakeholder | i | Shareholders, employees |
| (b) | Government | ii | Creditors, suppliers |
| (c) | Internal stakeholders | iii | Pay taxes on time |
| (d) | Not the stakeholders | iv | Customers |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Board of Directors | i | Reasonable return |
| (b) | Society | ii | Freedom to manage |
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| (d) | Employers | iv | Fair remuneration |
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What do you mean by external stakeholders?
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Distinguish between Primary stakeholders and Secondary stakeholders.
