All the stakeholders do not have equal power, and different stakeholders value different things. Treasury bills. These types of stakeholders help with administrative processes, financial, and legal matters. Employees What is the most likely conclusion for a firm whose statement of cash flows shows an increase in cash balances and had negative cash flows from both operations and financing? check_circle. Best answer. Everyone … D. Shares and bonds . Which of the following would not be considered a stakeholder for the purposes of the WH framework? Boards should consider how stakeholders are impacted by relevant decisions, having regard to their needs and expectations, to maximise the chances that their decisions will lead to the desired outcome. Of the following, which one would NOT be considered one of the components of a mission statement? Management 2. External stakeholders also include the communities in which you operate your business and the governments that receive your business taxes. Describe and give examples of the external forces that shape the relationship between business and society. Which of the following is NOT considered to be a nonmarket stakeholder? Want to see the step-by-step answer? C. All board members are insiders (typically managers of the company). Not all stakeholders have the same amount of influence over or interest in your project. Communicate the same to every stakeholder c. Identify the needs of all stakeholders d. Avoid challenging stakeholders. Not all stakeholders are equal. See Answer. Here is a list of sample questions which would help you to understand the pattern of questions on Project Stakeholder Management being asked in PMP Certification Exams. Which of the following are items to consider during stakeholder management: a. A. ch1 Key 1. At the same time, the supplier values regular orders and business growth that prompts growing order size. and, or, not *** to, for, from a, an, the is, are, not 2. That includes universities that are interested in making sure that their students have a place to work once they are done with university. Answer. A cancer patient may realistically have no choice but to use a certain drug. Your job as a project manager is to keep all stakeholders informed, involved, and on-board throughout the project’s progression. Explain the evolution of a businesses' relationship to its stakeholders. They organize results alphabetically. - Stakeholder in the software process is important for the success of IT projects. 0 votes. Answer to: Which of the following people is not a stakeholder? D. community residents. To determine. Customers C. Administrative agencies in charge of regulating the firm D. Owners or shareholders E. Employees. … Consider a company – who would be stakeholders in it? *** They narrow the search results. They are people, groups, or organizations who are involved in the project. business-law 0 Answer. Will not the Lord ever the Lord be considered at the stakeholder? D. "Shareholders, Employees,Customers And Management" A.Shareholders And Employees B. Which of the following statements accurately relates to the stakeholder model of governance? Software Engineering Objective type Questions and Answers. 1. ISO 21500 uses a similar definition.. Project stakeholders are entities that have an interest in a given project. Seen in this way, considering the influence of stakeholders is part of risk management which is discussed in greater detail in Principle 5: Risk management. The target market for XYZ is oil and gas producers as well as producers of chemicals. 3. Because all of the options except e, we'll have often until interested. Money market instruments are the instruments which are invested for a short period of time. A. Boards attempt to consider the wishes of all stakeholders. The classification of internal stakeholders can be divided into three categories: shareholders, managerial employees, and employees. Stakeholders can affect or be affected by the organization's actions, objectives and policies. - Stakeholders have a strong knowledge of the process involved in the projects. a. • b) They do not emphasize the urgency of their issues. Okay, another one also, but not the business. Employees, managers, board of management, shareholders, syndicates, customers, suppliers, vendors… etc. Okay, so So the correct choice for your problem is e Okay, my feet. Which of the following group is least likely to be considered a stakeholder of the firm? B. Which of the following is not considered a stakeholder of an organization? Which of the following are Boolean operators? Stakeholders are considered more important to an organization when: • a) They can make use of their power on the organization. 2. The Term _____ Involves The Use Of Past Decisions To Guide Future Decisions A.Commonality B. Check out a sample Q&A here. E organization like lenders, creditors, employees. Government 2. Shareholders are always stakeholders in a corporation, but stakeholders are not always shareholders. B. allows managers to examine two primary questions. According to the Project Management Institute (PMI), the term project stakeholder refers to, "an individual, group, or organization, who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project." D 18 As a PM you have met with a functional manager and a sales manager to resolve their conflict, negotiate the difference and come to an agreement about the project requirements . asked Oct 1 in Business by Smile_hasan. How are Boolean search strategies and other search filters useful? Change log B. Org process assets C. Communications management plan D. Issue log. Over deliver on expectations b. The risk management plan b. • c) Their issues are not legitimate. B. Repurchase agreement. In reality, defining voluntary economic engagement is not always so easy. - Without the cooperation of stakeholders it is difficult to have software development project. A. Expert Solution. Finally, another group of people who are affected by the success of a business are the shareholders. They find creative sources. policy that is being promoted are considered stakeholders in the process. On the other hand, external stakeholders represent outside parties, which affect or get affected by, the business activities. Want to see this answer and more? A. b. XYZ shall hire only those individuals who have with sufficient educational levels so as to be of benefit to our customers . A shareholder owns part of a public company through shares of stock, while a stakeholder … The firm has low depreciation expense 2. Not only that, but the list of stakeholders can change throughout the project’s journey: a certain stakeholder’s influence might become more or less important depending on the project phase, for example. Question 5 of 20. If the stocks go down for the business, then the shareholders would not make any money. A. creditors. They have the maturity period of less than one year. Program planner B. Government agencies B. The ability to interpret and adapt successfully to different Customers End-users Project managers All of the above. External stakeholders are those who do not directly work with a company but are affected somehow by the actions and outcomes of the business. • d) They can express themselves articulately. These stakeholders or “interested parties” can usually be grouped into the following categories: international, public, national political, commercial/private, nongovernmental organization (NGO)/civil society, labor, and users/ consumers. Competitors 4. 1. Discuss why a manager should, or should not, be considered a stakeholder. A. Which one of the following is not one of the inputs for stakeholder engagement? Question: Chose: Which Of The Following Are Stakeholders Of A Business? Anyone who is affected by your company but who does not contribute to internal operations is an external stakeholder. You’ll need to take a pragmatic view of which stakeholders are most relevant. (1) Which of the following knowledge area deals with identifying people, groups or organizations that could impact or be impacted by a project that required building a 3-mile long bridge connecting two island cities of a country? Suppliers, consumers, shareholders, lenders and employees are market stakeholders. It’s something corporations around the world … Secondary stakeholders also help to complete projects, but on a lower, general level. C. employees. Discuss the advantages and disadvantages of stakeholder dialogue. You can even consider potential customers as external stakeholders. B. Which of the following is/are considered stakeholder in the software process? For instance, the customers of a hair salon might value friendly staff, reasonable prices and good quality cuts. But, also, e.g., the community where this organization does business. C. Commercial paper. Future generations B. They increase the number of search results. B. lenders. A. Due to the complexity of the business environment, it is very difficult to identify that which factor is considered as the internal or external stakeholder. Internal stakeholders can be considered the first line of action when it comes to implementing decisions in a company, due to the fact that they have direct influence on its organizational resources. Market stakeholders, on the other hand, are those who voluntarily do business with the company. Which of the following is not considered a money market instrument? Shareholders have a legitimate primacy in relation to the wealth generated by organisations. 3. C. They people, groups, or organizations whose interests may be positively or negatively affected by a decision, activity, or outcome of the project. The stakeholder register c. The stakeholder analysis d. The WBS. A. 1. Image Source: The Shareholders vs. Stakeholders debate is not new. answered Oct 1 by aaden . E. a business in another industry. A. creditors B. lenders C. employees D. community residents E. a business in another industry; check_circle Expert Answer. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. 1.4 Which of the following is not considered a stakeholder of an organization? They are people, groups, or organizations that are actively supportive of the project. An important input to planning stakeholder management is: a. Question 6. Direct stakeholders are involved with the day-to-day activities with a project. The stakeholder model. Bondholders 3. The natural environment C. Activist groups D. Non-governmental organizations . A stakeholder analysis: A. creates equality among all stakeholder interests. The competitors of the business would not be considered to be stakeholders of a … They may need to pay money. Question: Which of the following is NOT true about project stakeholders?