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Question
The ______ expects the organisation to follow the laws of the country, pay taxes honestly etc.
Options
Suppliers
Employees
Government
Competitors
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Solution
The government expects the organisation to follow the laws of the country, pay taxes honestly etc.
Explanation:
The government expects organizations to comply with legal and regulatory requirements, which include following the laws of the country, paying taxes accurately and on time, and adhering to other statutory obligations. This ensures that businesses operate within the legal framework and contribute to the country's economic and social development.
RELATED QUESTIONS
State any two expectations of the Government from a business concern.
Which of the following is not an expectation of competitive competitors?
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 | i |
State any two expectations of shareholders from a business concern.
State any two expectations of the general public from a business organisation.
Explain the expectations of internal stakeholders in a commercial organisation.
Give any five expectations of creditors from a business enterprise.
Explain the conflicting needs of the stakeholders of a company.
Explain any five expectations of suppliers from a business organisation.
