State any two expectations of the Government from a business concern.

Answer in Brief

The expectations of the Government from a business concern are:

To follow the laws and regulations of the country.
To pay all taxes honestly, regularly and in time.
To avoid corrupting public servants.
To make proper use of scarce resources of the nation.
To assist in solving national problems like poverty, unemployment, unbalanced regional growth, etc.
To avoid monopoly and concentration of economic power.

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Expectations of Stakeholders

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2023-2024 (March) Official

Q 8.ii | 5 marks

______ expect the business organization to follow the laws and regulations of the country.

Mention any two expectations of Employees.

______ is an expectation of employers.

Safety of capital of contributed is an expectation of ______.

Which of the following are the two expectations of government from a business organisation?

Match the Column I and Column II:

	Column - I		Column - II
(a)	Employees	i	Regular orders for supply
(b)	Government	ii	Protection of trade union rights
(c)	Society	iii	Protection of environment from pollution
(d)	Suppliers	iv	Avoid corrupting public servants

Match the Column I and Column II:

	Column - I		Column - II
(a)	Owners	i	May make decisions which affect the business
(b)	Suppliers	ii	Want product at good prices
(c)	Customers	iii	Want business to grow and make profits
(d)	Manager	iv	May increase their prices

Match the Column I and Column II:

	Column - I		Column - II
(a)	Suppliers	i	Contribution of business to the local economy
(b)	Employees	ii	Provide capital
(c)	Shareholders	iii	Provide physical and mental efforts
(d)	General public	iv	Provide raw materials to the firm

Explain the expectations of employers and employees as stakeholders in a commercial organisation.

Give any five expectations of employees from a business enterprise.