Introduction to People in Business (LC 2026) (Leaving Cert Business): Quizzes

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Stakeholder Relationships
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What is a co-operative stakeholder relationship?

Parties work together for mutual benefit

What type of situation results from a co-operative stakeholder relationship?

Win-win situation

What characterises a competitive stakeholder relationship?

Each party has different objectives

What outcome typically results from a competitive stakeholder relationship?

Win-lose situation

What defines a dependent stakeholder relationship?

Parties need each other to be successful

What is the key feature of a dynamic stakeholder relationship?

It is constantly changing

An entrepreneur and investor working together is an example of which relationship type?

Co-operative

Two employees competing for the same promotion demonstrates which relationship?

Competitive

Which is a result of a co-operative stakeholder relationship?

Increased trust

Competing businesses organising a town festival together demonstrates which relationship?

Dynamic

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