Q1Who are 'stakeholders'?
SOLUTION
Stakeholders are individuals, organisations, social groups, and society as a
whole who have a stake in the business. Stakeholders have an interest in the
organisation. These stakeholders may range from a few individuals to major
institutions such as the government. Thus, stakeholders can be internal or
external to the company. A stake is a significant interest in the company or its
operations. It can encompass ownership and property interests, legal
obligations, and moral rights.
Q2Distinguish between 'stakeholders' and 'shareholders'.
SOLUTION
Stakeholders Shareholders
Stakeholders are a broader concept than Thus, stockholders are one of
stockholders. In a joint stock corporation, multiple stakeholders. The term
shareholders are individuals or groups "shareholders" is exclusive to joint
who own the business's shares. They stock companies, while
contribute share capital and bear the risk "stakeholders" refers to any type of
of loss. The company's stakeholders business entity, including sole
include shareholders, consumers, proprietorships and partnerships.
creditors, employees, and the government.
Q3What do you understand by internal stakeholders?
SOLUTION
Internal stakeholders are those participating in a company's operations from
within. This group includes both the organization's owners/shareholders and
employees. Shareholders, as owners, provide funds and hold a significant share
in the company. They take on commercial risks, share earnings, and manage the
company.
Q4What do you mean by external stakeholders?
SOLUTION
SOLUTION
Stakeholders are individuals, organisations, social groups, and society as a
whole who have a stake in the business. Stakeholders have an interest in the
organisation. These stakeholders may range from a few individuals to major
institutions such as the government. Thus, stakeholders can be internal or
external to the company. A stake is a significant interest in the company or its
operations. It can encompass ownership and property interests, legal
obligations, and moral rights.
Q2Distinguish between 'stakeholders' and 'shareholders'.
SOLUTION
Stakeholders Shareholders
Stakeholders are a broader concept than Thus, stockholders are one of
stockholders. In a joint stock corporation, multiple stakeholders. The term
shareholders are individuals or groups "shareholders" is exclusive to joint
who own the business's shares. They stock companies, while
contribute share capital and bear the risk "stakeholders" refers to any type of
of loss. The company's stakeholders business entity, including sole
include shareholders, consumers, proprietorships and partnerships.
creditors, employees, and the government.
Q3What do you understand by internal stakeholders?
SOLUTION
Internal stakeholders are those participating in a company's operations from
within. This group includes both the organization's owners/shareholders and
employees. Shareholders, as owners, provide funds and hold a significant share
in the company. They take on commercial risks, share earnings, and manage the
company.
Q4What do you mean by external stakeholders?
SOLUTION
