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Business
10th -
11thgrade
Unit 2 Business Management AOS 1 Quiz
39 questions
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- 1. Multiple ChoiceThe outstanding payments a business is owed by its customersaccounts receivablefranchisordebtbalance of payments
- 2. Multiple ChoiceWhen one business takes over another businessassetsacquisitionbusinessbusiness idea
- 3. Multiple ChoiceThe process of testing and evaluating a business’s accounting processes and internal controlgoodwillbusiness opportunityauditingbusiness mentors
- 4. Multiple ChoiceA government body that has the role of enforcing the Competition and Consumer Act 2010 and a range of additional legislation promoting competition and fair trading, and regulating national infrastructurecorporate social responsibilityboycotteconomic growthAustralian Competition and Consumer Commission
- 5. Multiple ChoiceThe government body in charge of administering and collecting tax for the federal governmentAustralian Taxation Office (ATO)goalimportseconomy
- 6. Multiple ChoiceShows a business’s assets and liabilities (the financial position of a business) at a point in timefeasibility studybalance sheetinnovationmarket conditions
- 7. Multiple ChoiceThe keeping and processing of a business’s financial recordsincorporatedindustrybookkeepingeffectiveness
- 8. Multiple ChoiceEstimating the business’s financial performance for a given period in the futureBusiness Activity Statement (BAS)bricks and clicksefficiencybudgeting
- 9. Multiple ChoiceProvides a summary of all the business’s cash receipts and cash payments; it is compiled from the receipt and payment source documents.cash bookentrepreneurshipexportsentrepreneur
- 10. Multiple ChoiceThe money being transferred into and going out of the businesszoningcash flowworking capitalincorporation
- 11. Multiple ChoiceA written set of guidelines that are intended to help businesses achieve the standards set by the government (e.g. in dealing fairly with customers)labour resourcesprocedurecode of practiceleasing
- 12. Multiple ChoiceVictoria’s government body established to regulate the marketplace, helping ensure fairness for businesses and consumersbricks and mortarwholesalebusiness associationsConsumer Affairs Victoria
- 13. Multiple ChoiceThe terms and conditions of sale between a customer and a business, including the amount of time provided for making final paymentcredit termscompetitorsunlimited liabilitybusiness environment
- 14. Multiple ChoiceA bank of information on existing and potential customers, including their contact information, personal details, previous interactions, buying habits and preferencesbusiness entitycustomer databaselesseecompetitive advantage
- 15. Multiple ChoiceThe address of a website on the internetterms of financecorporate social responsibilitydomain namemarket research
- 16. Multiple ChoiceA local business that manufactures goods for overseas customerslessormarket sharemission statementexporter
- 17. Multiple ChoiceThe processes, methods and tools that allow a business to accurately monitor and manage its financial performancefinancial control systemsenvironmental lobby groupslimited liabilitycustomers
- 18. Multiple ChoiceUsed primarily to help the business to calculate how much profit it has made over a period of timesubcontractorincome statementbusiness modelexchange rate
- 19. Multiple ChoiceEnsures that costs are minimised and that the business has access to the right amounts of materials when requiredfranchiseeconomic conditionsinventory controlexternal environment
- 20. Multiple ChoiceThe joining together of two or more businesses to form one businessprofitglobalisationresearch and developmentmerger
- 21. Multiple ChoiceA written set of broad guidelines to be followed by all employeespolicyinterest rateGoods and Services Tax (GST)employee retention
- 22. Multiple ChoiceA series of actions that enable a policy to be put into practicestakeholderprocedurefranchise agreementreturn on investment
- 23. Multiple ChoiceThe process of researching and selecting suppliers, establishing payment terms, negotiating contracts and the purchasing of resources that are vital for maintaining the production of the business’s good or servicebusiness planmanufacturingprocurementproductivity
- 24. Multiple ChoiceA tax rate that increases as the individual earns a higher incomeshareholderssolicitorrevenueprogressive tax rate
- 25. Multiple ChoiceThe engineering behind the design, construction and application of robotsroboticsvision statementequityworkplace diversity
- 26. Multiple ChoiceAccounting principle recognising that the owner’s finances are separate to those of the business and therefore business transactions should be recorded separatelysole traderseparate entitycapital resourcesstaff morale
- 27. Multiple ChoiceA form of online advertising that uses social media channels to deliver targeted commercial messages to potential customerscomplementary businessesIncomesocial media advertisingBillboard
- 28. Multiple ChoiceWritten documents that provide evidence of a financial transactionCash Flow Statementsocial enterpriseBalance Sheetsource documents
- 29. Multiple ChoiceThe production of a physical object from a digital design or modelthree-dimensional (3D) printingServicecrowdfundinginternal environment
- 30. Multiple ChoiceA government agency that aims to reduce workplace injuries and support injured workerstriple bottom lineWorkSafe Victoriatechnological issuesunions
- 31. Multiple ChoiceBusinesses or individuals that supply the materials and resources that the business needs to conduct its operations.natural resourcesmacro environmentSuppliersmortgage
- 32. Multiple ChoiceA process of abiding by moral standards and doing the ‘right’ thing in the interests of all stakeholders, that demonstrates commitment to the community and environment beyond what is required by law.bank overdraftloansilent or sleeping partnerCorporate Social Responsibility
- 33. Multiple ChoiceProvide a brief description of the term or topic.Outlinefranchiseesupplierstax rate
- 34. Multiple ChoiceMake the meaning of something clear and understandable by describing in detail with the use of examples.partnershipExplainangel investorsshareholders
- 35. Multiple ChoiceProvide a detailed account of something; give the facts about something and if the question refers to a process, provide a detailed account in sequential orderplanningbootstrappingDescribesupply chain
- 36. Multiple ChoiceApply weighted criteria to the relative strengths and weaknesses of the arguments raised in the stimulus material, as well as provide your opinion.operating environmentretailoffshoringEvaluate
- 37. Multiple ChoiceAccurately state or explain the meaning of the termDefineenvironmental auditCompareproprietary (private) company
- 38. Multiple ChoiceProvide reasons for your choiceresourcesJustifyenvironmental management systemspecial interest groups
- 39. Multiple ChoiceDetermine or establish as being a particular thing, or determine the key characteristics or features.accountantsearch engine optimisation (SEO)Identifyprospectus
- Answer choicesTagsAnswer choicesTags