Introduction to Unit 2 AOS 1 Business Management

What does it mean to incorporate a business?

• The business has a legal name

• The business has an ABN

• The business becomes a separate legal entity as a company

• The business is registered for GST

Non-commercial organisations in Australia can register a domain name ending with

(a)  

Businesses that generate more than $75,000 in income annually MUST register for this.

• ACN

• PAYG

• GST

• BAS

Licensing is important for many occupations including the following:

• Administration

• Banking

• Dog walking

• Teaching

Local government by-laws ensure that everyone is trading fairly. Which of the following are examples of local government by-laws?

• Trade practices Act

• Food trading regulations

• Road safety Act

• OHS Act

Workplace relations laws exist for what reason?

• To protect the relationship between businesses and consumers

• To support and protect the relationship between employees and employers

• To improve education and training for employees

• To review policy and legislation protecting staff

What is the purpose of affirmative action legislation?

• To improve the career prospects of traditionally more disadvantaged people

• To ensure that women get all the top jobs

• To ensure that maternity leave is accessible to all

• To ensure that people from minorities get access to interviews

All businesses that operate in Australia must comply with the

(a)  

Which of the following are automatic consumer rights? (Hint, there may be more than one correct answer - select all that apply)

• Products should be free from defects

• Consumers can return goods for change of mind

• Products can be expected to be safe for use

• Products should last at least six months

Misleading conduct can be shown when

• Businesses provide the product as expected

• Businesses provide a product that is not entirely made up of what it claims

• Businesses advertise low prices for goods

• Businesses provide the ordered quantity of a product