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- Open EndedPlease save your changes before editing any questions.
Describe in your own words what a business is?
- Multiple ChoicePlease save your changes before editing any questions.
Click the option that is a good
Paying for a surfboard lesson
Paying for new bathers
Paying for a doctors appointment
- Multiple ChoicePlease save your changes before editing any questions.
Click the option that is a service
Purchasing pumpkin scones
Paying for braces
Paying for a haircut
- Multiple ChoicePlease save your changes before editing any questions.
What is a customer
Someone who pays for goods or services from a business
Someone who makes custom t-shirts
An entreprenuer
- Open EndedPlease save your changes before editing any questions.
Making and selling within a business often occur at separate locations. Please give an example below.
- Multiple ChoicePlease save your changes before editing any questions.
The three main reasons businesses exist are
To provide goods, to make money, to work for themselves
To provide services, to provide employment, to pick their own roster
To provide goods and services, to make a profit, to provide employment
- Multiple ChoicePlease save your changes before editing any questions.
What is a not-for-profit organisation?
A business that provides goods and services and keeps all its profit to itself, not sharing with employees
A business that provides goods and services and is run without the goal of making a profit for its members
- Multiple ChoicePlease save your changes before editing any questions.
A Primary Industry is one that is involved with...
growing and extracting raw materials
manufacturing and construction
providing goods and services to consumers/other businesses
- Multiple ChoicePlease save your changes before editing any questions.
A Tertiary Industry is one that is involved with
manufacturing and construction
growing and extracting raw materials
providing goods and services to consumers and other businesses
- Multiple ChoicePlease save your changes before editing any questions.
A Secondary Industry is one that is involved with
manufacturing and construction
providing goods and services to consumers and other businesses
growing and extracting raw materials
- Multiple ChoicePlease save your changes before editing any questions.
Click the job role that best suits someone who works in the Secondary Industry
Hairdresser
Carpenter
Commercial fisherman
- Multiple ChoicePlease save your changes before editing any questions.
Click the job role that best suits someone who works in the Tertiary Industry
Plumber
Digger
Mechanic
- Multiple ChoicePlease save your changes before editing any questions.
Click the job role that best suits someone who works in the Primary Industry
Gold panner
Sales assistant
Factory worker
- Multiple ChoicePlease save your changes before editing any questions.
Click the option from the list below that IS a not-for-profit organisation
Prouds Jewellers
PCYC (Police and Community Youth Centres)
North Kalgoorlie Primary School
- Open EndedPlease save your changes before editing any questions.
A trade-off is made when...
- Fill in the BlankPlease save your changes before editing any questions.
When you make a choice about how to spend your time or money, the value of the next best alternative is called
- Open EndedPlease save your changes before editing any questions.
Give an example of a time when you made a decision that involved a trade-off. Explain the opportunity cost that occurred.
- Open EndedPlease save your changes before editing any questions.
Answer questions about the following scenario.
Imagine a kitchenware business wants to make its shop look more appealing. It is trying to decide whether to spend money on new lighting or display tables. The current lighting is a little dull but still works perfectly. The current display tables wobbly. One recently collapsed and almost injured a customer.
What is the opportunity cost of choosing NOT to replace the tables?
- Open EndedPlease save your changes before editing any questions.
Answer questions about the following scenario.
Imagine a kitchenware business wants to make its shop look more appealing. It is trying to decide whether to spend money on new lighting or display tables. The current lighting is a little dull but still works perfectly. The current display tables wobbly. One recently collapsed and almost injured a customer..
What do you think the businesses priority (top focus) should be and why?
- Multiple ChoicePlease save your changes before editing any questions.
What is a resource?
Something of value that can be used to achieve or acquire something
Something you can buy
Something you can touch and hold
- Open EndedPlease save your changes before editing any questions.
Give two examples of natural resources a cafe might use.
- Open EndedPlease save your changes before editing any questions.
Give two examples of capital resources (machinery, tools, buildings) a cafe might use.
- Open EndedPlease save your changes before editing any questions.
Give two examples of human resources a cafe might use.