11BusTaskOne

Wealth refers to

• The total stock of assets in a business, community or economy

• The amount of income received by the owners of businesses

• How many resources a person has

• The total amount of money a business, community or country has

Which is not a role of businesses?

• Entrepreneurship

• Profit

• Provision of goods and services

• Care for the environment

Which is not a role of businesses?

• Innovation

• Profit

• Choice

• Quality products

A business with 20 employees is

• Small

• Medium

• Large

• Micro

Which industry sector is a restaurant not a part of?

• Quaternary

• Secondary

• Tertiary

• Quinary

Excel Tutoring Pty Ltd is a

• Private company in the quaternary sector

• Private company in the quinary sector

• Public company in the quaternary sector

• Public company in the quinary sector

John owns a lawn mowing business and invited his daughters to become part owners. The business has unlimited liability. The business has gone from a

• sole trader to a partnership

• sole trader to a private company

• partnership to a private company

• private company to a private company

John owns his own lawn mowing business and invited his daughters to become part owners. The business now has limited liability. The business has gone from a

• sole trader to a partnership

• sole trader to a private company

• partnership to a private company

• private company to a private company

A large number of young families have purchased homes and moved into a suburb. Which part of the external environment is influencing businesses in that suburb?

• Geographic

• Social

• Economic

• Markets

A business is finding it difficult to find skilled workers. Which element of the external environment is affecting them?

• Markets

• Institutional

• Political

• Economic