10th ICSE Commerce Test Chapter 1

MM35 TIME: 60 MIN

A. Answer the following questions in brief (Each question is worth 2
marks):

1. Distinguish between stakeholders and customers.

2. What do you understand by internal stakeholders
3. How are the needs of shareholders and consumers conflicting?
4. Distinguish between stakeholders and shareholders.
5. State any two expectations of employees from a Business concern.

B. Answer the following questions in detail (Each question is worth 5 marks):

1. Differentiate between shareholder and creditors.

2. Explain the conflict needs of stakeholders of a company.
3. With profits, social welfare should also be considered. Explain this statement with
reference to the expectations of general public.

C.