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Business revision

Total questions: 20

Worksheet time: 40mins

Name
Class
Date
1.

Full time, part time and casual are examples of?

a)

Employee pay rates

b)

Employee entitlements

c)

Types of employeement

d)

Factors of influence

2.

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

a)

CEO (chief executive officer)

b)

Entrepreneur

c)

CFO (chief financial officer)

d)

Manager

3.

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

a)

Business loan

b)

Mortage

c)

Person loan

d)

Investment

4.

Select all the of the following that are factors of influence

a)

Value for money

b)

Convenience

c)

Social and ethical

d)

Environmental

e)

Job security

5.

Full time employee have more entitlements than casual employees.

a)

True

b)

False

6.

Employees can be paid in..

a)

Wages

b)

Goods

c)

A combination of wages and goods

d)

Coles Little Shop Mini Collectibles

7.

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

a)

Constitution

b)

Fair Work act 2009

c)

Industry award

d)

Petty cash receipts

8.

A law or laws created through Parliament are known as

a)

Consitutions

b)

Rights

c)

Legislation

d)

Contracts

9.

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

a)

Petite cash

b)

Small cash

c)

Petty money

d)

Petty cash

10.

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

a)

collasping

b)

evolving

c)

declining

d)

rising

11.

In terms of interest, the acronym PA stands for

a)

Per annum

b)

Public address

c)

Proven assets

d)

Physician assistant

12.

Select all the things you would see in a petty cash book

a)

Voucher number

b)

GST

c)

Date

d)

Interest

e)

Receipts

13.

Mortgage is an example of a/an

a)

Entitlement

b)

Employment type

c)

Loan

14.

If you were unfairly fired from your job who could you go to for help?

a)

police

b)

fair work ombudsman

c)

member of parliament

d)

taxation office

15.

How long do you need to work in an industry to get long service leave?

a)

5 years

b)

10 years

c)

8 years

d)

7 years

16.

Public holidays, leave and redundancy payments are examples of

a)

entitlements

b)

rights

c)

bonuses

17.

What was introduced in 1907 in Australia?

a)

Equal pay

b)

Maternity leave

c)

Long service leave

d)

Minimum wage

18.

What was the name given to the tree used for union meetings in Barcaldine?

a)

Tree of meeting

b)

Tree of wisdom

c)

Tree of knowledge

d)

Tree of union

19.

Annual, compassionate and sick are types of

a)

holidays

b)

leave

c)

wages

d)

receipts

20.

If you took out a $1000 loan for 1 year at 5.4% how much would you have to pay back by the end of the year?

a)

$540

b)

$54

c)

$1540

d)

$1054