Business revision

Full time, part time and casual are examples of?

• Employee pay rates

• Employee entitlements

• Types of employeement

• Factors of influence

Someone who sets up a business, taking on a financial risk in the hope for profit is a/an?

• CEO (chief executive officer)

• Entrepreneur

• CFO (chief financial officer)

• Manager

Borrowing money specifically for business purposes is called a/an?

• Business loan

• Mortage

• Person loan

• Investment

Select all the of the following that are factors of influence

• Value for money

• Convenience

• Social and ethical

• Environmental

• Job security

Full time employee have more entitlements than casual employees.

• True

• False

Employees can be paid in..

• Wages

• Goods

• A combination of wages and goods

• Coles Little Shop Mini Collectibles

Entitlements, minimum wage and conditions for an industry are covered in the

• Constitution

• Fair Work act 2009

• Industry award

• Petty cash receipts

A law or laws created through Parliament are known as

• Consitutions

• Rights

• Legislation

• Contracts

A small amount of money kept by an organization, used for purchasing small items is called

• Petite cash

• Small cash

• Petty money

• Petty cash

Motor Vehicle Manufacturing in Australia dropped by 43.1% between 2016 and 2018, that means this industry is

• collasping

• evolving

• declining

• rising