Key Stakeholders in Business (LC 2027) (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is stakeholder conflict?
What is stakeholder conflict?
When groups connected to a business disagree
What are the two main categories of conflict resolution approaches?
What are the two main categories of conflict resolution approaches?
Legislative and non-legislative
What characterises co-operative supplier-business relationships?
What characterises co-operative supplier-business relationships?
Mutual benefits & long-term contracts
Which is NOT part of active listening in conflict resolution?
Which is NOT part of active listening in conflict resolution?
Jumping to quick conclusions
What defines successful negotiation?
What defines successful negotiation?
Both sides satisfied with the outcome
What is the mediator's role in conflict resolution?
What is the mediator's role in conflict resolution?
Facilitates discussion & suggests solutions
What makes arbitration the most formal non-legislative method?
What makes arbitration the most formal non-legislative method?
Arbitrator makes a binding recommendation
What does the Workplace Relations Commission (WRC) provide in Ireland?
What does the Workplace Relations Commission (WRC) provide in Ireland?
Conciliation, mediation & arbitration
What two factors does stakeholder mapping assess?
What two factors does stakeholder mapping assess?
Power and interest
Which stakeholders should businesses prioritise most?
Which stakeholders should businesses prioritise most?
High power and high interest