ACCA Strategic Business Leader (SBL) Practice Exam

Which of the following is NOT a group of stakeholders?

1. Internal

2. Connected

3. External

4. Terrestrial

The correct answer is: Terrestrial

The term "terrestrial" does not represent a recognized category of stakeholders in a business context, which makes this choice the correct one. Stakeholder analysis typically classifies stakeholders into three main groups: internal, connected, and external. Internal stakeholders include individuals within an organization, such as employees, management, and owners. These stakeholders have direct involvement and can influence organizational operations. Connected stakeholders refer to those who have a direct link with the organization, commonly including suppliers, customers, and partners. They impact or are impacted by the organization's activities. External stakeholders encompass all those who are outside the organization, such as the community, regulators, and investors. While they do not directly partake in the organizational processes, their interests and influence can significantly affect the business's strategic direction and operations. In contrast, "terrestrial" generally pertains to earth or land-related contexts rather than stakeholder theory, so it does not belong to the recognized stakeholder categories.