Which of the following is involved in making workplace agreements and resolving workplace disputes?

Australian Human Rights Commission

Australian Securities and Investments Commission

Australian Competition and Consumer Commission

A customer returns a recently purchased 5G mobile phone to the place of purchase as the phone was faulty. Under consumer law, why must the business refund the customer the cost of the mobile phone?

It is within the implied conditions of the contract.

It is ethical to replace defective goods.

It is important to meet corporate social responsibility.

It can be considered deceptive and misleading advertising.

The Australian dollar increases from 0.50 to 0.70 USD. What impact would this have on the goods imported to Australia and the goods exported to the United States?

Less expensive | More expensive

More expensive | More expensive

Less expensive | Less expensive

More expensive | Less expensive

Which strategy would be most effective in improving the current ratio for this business? (Current ratio = current assets ÷ current liabilities)

Offer a discount to customers for early payment

Sell excess machinery and equipment

Borrow money on a short-term bank loan

Take on a new mortgage to purchase buildings

An Australian tyre manufacturer is expanding its business. In order to reduce operating costs and increase sales and profit, rubber will be sourced from the global market. The business wants to: • maintain quality outputs • achieve economies of scale. Which of the following is a potential issue the business could face in relation to both cost and quality of outputs?

Fluctuating global rubber prices and inconsistent rubber quality

Increased local employment opportunities

Guaranteed reduction in production costs

Improved quality control due to local sourcing

What are the benefits of achieving economies of scale for both the business and consumers?

Lower production costs and lower prices for consumers

Decreased product quality and higher prices

Reduced sales and increased operating costs

Limited market reach and higher costs

Both staff and management might be resistant to this change because:

They fear job loss or increased workload

The purpose of Equal Employment Opportunity (EEO) legislation is:

To ensure fair treatment and prevent discrimination in the workplace.

To promote only internal candidates.

Which TWO human resource issues are found in this advertisement?

Lack of training and poor working conditions

Excellent benefits and job security

Modern office and advanced technology

Which of the following best explains the social influences that have contributed to the changing labour force participation rates in the period 1981–2021?

Increased access to education and changing gender roles

Decreased urbanization and lower education levels

Reduced technological advancements and traditional family structures

Declining population and reduced migration

A niche market approach could increase sales for this cereal manufacturer by:

Targeting a specific group of consumers with tailored products

Reducing advertising costs to zero

Selling only in international markets

Focusing only on price reductions

One global marketing strategy this cereal manufacturer could use to expand into the global market is:

Standardization of product and branding across countries

Focusing only on the domestic market

Ignoring cultural differences in advertising

Limiting distribution to one region

The purpose of a cash flow statement is:

To provide information about the cash inflows and outflows of a company during a period.

To show the financial position of a company at a specific point in time.

To summarize the revenues and expenses of a company over a period.

To record all the assets and liabilities of a company.

A possible conflict between a short-term and a long-term financial objective is:

Maximizing short-term profits may reduce investment in long-term growth.

Increasing long-term investment always leads to higher short-term profits.

Short-term objectives never affect long-term goals.

Long-term objectives are always more important than short-term ones.

Which of the following are TWO limitations of financial reports?

They may not reflect current market values and can be affected by management bias.

They always provide complete and up-to-date information.

They guarantee future financial performance and eliminate all risks.

They are immune to errors and misstatements.

Section I - Multiple Choice Questions

Authored by Jimmy Kakanis

Geography

9th Grade

Used 2+ times

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31 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses offer employees rewards in order to

prevent the possibility of industrial action.

recognise the value of their effort to the business.

fulfil federal government legislation requirements.

provide employees with an income to meet the costs of living.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A florist designs floral displays for weddings to suit the colour preferences of individual couples.

Customisation

Flexibility

Quality

Speed

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best illustrates relationship marketing?

Creating long-term customer loyalty

Distributing goods directly to customers

Using promotions to increase customer sales

Basing the marketing mix on customer feedback

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An employee receives an electrical burn while working. The employee requires hospital treatment and is unable to return to work for three months. As a result of this injury, what support is this employee entitled to?

Mediation

Payment in advance

Workers compensation

Training and development

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business wants to quickly achieve a large market share for a product. Which marketing strategy would most likely be used?

Branding

Skimming

Penetration

Price points

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mattress manufacturer reduced the working hours of its factory workers due to a decrease in demand.

Economic

Legal

Operations

Social

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following shows the correct order of the steps in a marketing plan?

Market research, establishing market objectives, identifying target markets, situational analysis

Establishing market objectives, identifying target markets, situational analysis, market research

Identifying target markets, situational analysis, market research, establishing market objectives

Situational analysis, market research, establishing market objectives, identifying target markets

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Section I - Multiple Choice Questions

Businesses offer employees rewards in order to

A florist designs floral displays for weddings to suit the colour preferences of individual couples.

Which of the following best illustrates relationship marketing?

An employee receives an electrical burn while working. The employee requires hospital treatment and is unable to return to work for three months. As a result of this injury, what support is this employee entitled to?

A business wants to quickly achieve a large market share for a product. Which marketing strategy would most likely be used?

A mattress manufacturer reduced the working hours of its factory workers due to a decrease in demand.

Which of the following shows the correct order of the steps in a marketing plan?

An export company based in Sydney sells Australian-made art to the Asian market. Which form of payment has the lowest level of risk for the exporter?

The training of staff in the manufacturing process is an example of interdependence between which of the following business functions?

An energy drink business uses a celebrity to promote its products online.

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