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Unit Three "Business Stakeholders"
IBBM Key Terms
7
Business
10th Grade
05/25/2009

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Cards

Term
Directors
Definition
people elected by shareholders to run companies
Term
Dividend
Definition
a proportion of a company's profits paid to owners of shares in that company
Term
Manager
Definition
an individual who is accountable for more work than he or she could undertake alone
Term
Shareholder concept
Definition
the traditional approach to running a business which involves focusing on the needs of the shareholders
Term
Stakeholders
Definition
groups who have an interest in business activity
Term
Stakeholder Concept
Definition
an approach to running a business that involves taking into account the needs of all stakeholders
Term
Stakeholder Objectives
Definition
the goals of people with interests in the business. What stakeholders want to achieve
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