VCE BM U1 AOS2 Data Collection Quiz

[Resource Needs] Which of the following is an example of a 'labour resource'?

• The automated robotic arms used on an assembly line.

• The delivery trucks owned by a logistics company.

• The skills, knowledge, and physical effort of the employees.

• The water and electricity used to run a manufacturing plant.

[Resource Needs] A new landscaping business purchases a specialized ride-on lawnmower. This is classified as a:

• Natural resource

• Capital resource

• Financial resource

• Intangible resource

[Resource Needs] How might a business owner demonstrate Corporate Social Responsibility (CSR) when sourcing natural resources?

• By purchasing materials that are produced using highly polluting methods to save costs.

• By actively seeking out suppliers who use sustainable harvesting methods and ethical labor.

• By importing all resources from countries with no environmental protection laws.

• By refusing to pay suppliers on time.

[Business Locations] A major disadvantage of locating a retail business in a large shopping centre is:

• The lack of any foot traffic or passing customers.

• Strict leasing rules, mandatory opening hours, and high rental costs.

• That the business is legally forced to become a franchise.

• Customers are generally not allowed to park their cars nearby.

[Business Locations] Which of the following businesses would most likely benefit from a 'retail shopping strip' location?

• A global automobile manufacturing plant.

• A local, independent boutique clothing store seeking passing foot traffic but lower rent than a mall.

• A freelance website developer who strictly works with overseas clients.

• A massive wholesale warehouse that requires constant semi-trailer access.

[Business Locations] Local government 'zoning' regulations dictate:

• The maximum price a business can charge for its goods.

• How many employees a business is legally allowed to hire.

• Where certain types of businesses (e.g., heavy industrial vs. residential cafes) are legally permitted to operate.

• The specific internet provider a business must use.

[Business Models] An 'importer/exporter' business model primarily involves:

• Manufacturing all goods locally and selling them exclusively in the local suburb.

• Operating entirely as a charity organization.

• Purchasing goods from overseas to sell domestically, or selling domestically produced goods to overseas markets.

• Providing temporary labor to other businesses.

[Business Models] What is a significant disadvantage of the 'franchise' business model for the franchisee (the person buying it)?

• They have to design all the logos, menus, and branding entirely by themselves.

• They must pay ongoing royalty fees or a percentage of their profits to the franchisor, and face strict operational rules.

• It is impossible to get a bank loan to buy a franchise.

• They are not legally considered business owners.

[Business Models] A key advantage of a 'bricks and mortar' store compared to an 'online-only' business is:

• Complete elimination of electricity and utility bills.

• The ability for customers to physically inspect, touch, and try on products before purchasing.

• The ability to operate 24/7 without paying any staff wages.

• Being entirely immune to local economic downturns.

[Business Models] A social enterprise differs from a traditional commercial business primarily because:

• It is not allowed to make any profit at all.

• It distributes the majority of its profits to shareholders and owners.

• Its primary objective is to fulfill a social, cultural, or environmental purpose, reinvesting profits toward that mission.

• It only exists on social media platforms.