HALF YEARLY REVISON

what is the benefit of starting your own business?

• secure and stable contract

• motivated and taking risks

• be your own boss

• less failure

What is a cost benefit analysis?

• what you pay for alternatives

• comparing estimated costs and benefits

• investment of the business

• strengths and weaknesses

Identify opportunities in the market and making an informed decision, is part of what process?

• Strenths and weaknesses

• cost benefit analysis

• planning for success

• purchasing process

What is an incoporated business?

• opposite to unincorporated

• when a company has its own legal business structure set apart from the individuals who founded the business.

• when a company does not have its own legal business structure set apart from the individuals who founded the business

• a business tied to the owner

what is a public company?

• a company owned by a family

• operated by 2-20 people

• shareholders in a private company

• owned and operated by 2-50 people

what is a private company?

• a propietary limited company

• owned and operated by 2-20 people

• owned and operated by 2-50 people

• large in size

when does a buiness require capital?

• to successfully begin production of a product or service

• to have money

• taking a loan to pay for something

• to conduct a cost benefit analysis

how do we measure inflation?

• using the consumer aggregate indestructible

• using the consumer price index

• using the consumer price mechanism

• using the consumer price payments

How is an economic spiral avoided?

• increasing interest rates

• increase in taxes

• decrease in interest rates

• decreasing government spending

what is the RBA?

• reserve banking association

• reserve bank of australia

• reservation banking australia

• restaurant banking assocition