SOM MIDTERM REVIEW (HW) EXAM
2025 QUESTIONS AND ANSWERS
Read each description and determine which environmental force is being described. Drag your
answer to the appropriate spot on the chart. - ANS Political/Regulatory/Legal- Jefferies
Roofing
Technological- Borders Booksellers
Competitive- BlackBerry
Social- Snaps for Seniors
Global- Walmart
What is the difference between a stakeholder and a shareholder? - ANS Shareholders have
ownership in the business, whereas stakeholders have only a vested interested.
Explanation- Shareholders an ownership stake in the business, and stakeholders include anyone
who has a vested interest in the business, owners and those who are not owners.
Why should a business be concerned with stakeholders? - ANS Stakeholders represent a very
large, broad group of people who stand to gain or lose by the actions of the business.
Explanation- Stakeholders represents a large, diverse group of people who stand to gain or lose
by the actions of the business; therefore, these people are of great importance to the business
for it to suceed.
Are shareholders stakeholders? - ANS Yes
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, Explanation- Shareholders have an ownership stake in the business; therefore, they qualify to
have a vested interest in the business, which makes them stakeholders.
In general, it is wise for a business to - ANS strive to create positive relationships with all
stakeholders.
Explanation- Stakeholders are all of the people who stand to gain or lose from the actions of
the business. Businesses should strive to create positive relationship with all of these groups to
have a positive relationship with them in the future.
How are governments considered stakeholders? - ANS Governments play a role in the
outcome of the business through taxes, increased property values, and regulations designed to
protect consumers.
Explanation- Governments are stakeholders, because they play an active and vital role in the
existence of the business, and they regulate business activities to protect consumers and
environments in addition to receiving taxes from the business.
The technology environment would include studies of - ANS information technology.
Explanation- The technology environment is everything from phones and copiers to computers,
medical imaging devices, personal digital assistants, and various software programs that make
business processes more effective, efficient, and productive.
Demographic characteristics such as age, race, gender, and income are part of a business's -
ANS social environment.
Explanation- Demographic characteristics such as age, race, gender, and income are part of the
social environment of business.
2 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
2025 QUESTIONS AND ANSWERS
Read each description and determine which environmental force is being described. Drag your
answer to the appropriate spot on the chart. - ANS Political/Regulatory/Legal- Jefferies
Roofing
Technological- Borders Booksellers
Competitive- BlackBerry
Social- Snaps for Seniors
Global- Walmart
What is the difference between a stakeholder and a shareholder? - ANS Shareholders have
ownership in the business, whereas stakeholders have only a vested interested.
Explanation- Shareholders an ownership stake in the business, and stakeholders include anyone
who has a vested interest in the business, owners and those who are not owners.
Why should a business be concerned with stakeholders? - ANS Stakeholders represent a very
large, broad group of people who stand to gain or lose by the actions of the business.
Explanation- Stakeholders represents a large, diverse group of people who stand to gain or lose
by the actions of the business; therefore, these people are of great importance to the business
for it to suceed.
Are shareholders stakeholders? - ANS Yes
1 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
, Explanation- Shareholders have an ownership stake in the business; therefore, they qualify to
have a vested interest in the business, which makes them stakeholders.
In general, it is wise for a business to - ANS strive to create positive relationships with all
stakeholders.
Explanation- Stakeholders are all of the people who stand to gain or lose from the actions of
the business. Businesses should strive to create positive relationship with all of these groups to
have a positive relationship with them in the future.
How are governments considered stakeholders? - ANS Governments play a role in the
outcome of the business through taxes, increased property values, and regulations designed to
protect consumers.
Explanation- Governments are stakeholders, because they play an active and vital role in the
existence of the business, and they regulate business activities to protect consumers and
environments in addition to receiving taxes from the business.
The technology environment would include studies of - ANS information technology.
Explanation- The technology environment is everything from phones and copiers to computers,
medical imaging devices, personal digital assistants, and various software programs that make
business processes more effective, efficient, and productive.
Demographic characteristics such as age, race, gender, and income are part of a business's -
ANS social environment.
Explanation- Demographic characteristics such as age, race, gender, and income are part of the
social environment of business.
2 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
