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WorksheetsYear 7 Business
Total questions: 20
Worksheet time: 10mins
How would you describe a 'good' in business terms?
An action provided to you
A tanglible item that you can see and touch
The process of setting goals
Someone who behaves
A 'service' in business terms is...
An action provided to/ for you
An item you can see and touch
Which of the following are goods?
Shoes
Couch
Apple
Doctor
Which of the following are classified as services?
Dentist
Taxi Driver
Hairdresser
Plumber
There are four different types of Paid work
Full Time, Part Time, Casual, Self Employed
Wage, Salary, Casual, Volunteer
Self employed, Busy, Wages, Salary
What are the features of full time work?
Work 38 hours on a continuing basis
Entitlements - sick and holiday pay
No regular or guaranteed hours
No entitlements
Do part time employees work less hours than full time employees?
Yes
No
Casual workers have regular hours and guaranteed shifts.
False
True
Casual workers have a higher hourly rate
True
False
Volunteer work is..
Work completed around the home
Essential work in the community where no financial payment is received.
What are the three main reasons individuals work?
Financial, Social and Volunteers
Personal, Social and Financial
Social, family, Paid work
Which of the following are FINANCIAL reasons for someone to work?
Meet daily living expenses
Support their lifestyle
Purchase material goods and services
Improve their standard of living.
All of the above
What does it mean to work for PERSONAL reasons?
To build a sense of purpose
T develop self-esteem
Gain new skills and experiences
To make new friends
Which of the following reasons is NOT a social reason as to why someone works?
To use skills and abilities to help others
To contribute to the community
To meet new people
To belong to a team
To buy expensive shoes
Commission is a percentage of money earned as an income through the sale of something.
True
False
Royalties are defined as...
A source of income where a person charges money for their service
Income received from creating a piece of work, information or idea.
Set amount paid as income when a number of items have been made or produced.
A salary is paid annually.
True
False
Interest is defined as...
Money received as earning from investments held.
A percentage of money earned as an income through the sale of something
You can earn money from tenants who pay to hire (use) something of yours.
False
True
Wages are paid annually
True
False
