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WorksheetsRisky Business 2.0
Total questions: 15
Worksheet time: 8mins
The GST refers to....
income tax
a tax on top of all goods sold
information that businesses must provide on their naming structure
workplace health and safety requirements
Which of the following is NOT a financial objective?
Growth
Debt
Efficiency
Profitability
Liabilities refer to...
an ongoing expense for the business
how easily a business can generate cash
the overall profitability of a business
how much debt the business is in
An ABN refers to....
A registered business name
the overall growth of assets
A body that governs advertisements
What is NOT covered in the Fair Work Act 2009?
Maximum weekly hours
Workplace health and safety
Parental leave
Income tax rates
What is the difference between a permit and a licence?
There is none
Licences require permission from the federal government, while permits require permission from the state government
Licences are for franchises, while permits are for new businesses
Licences are for the type of trade, while permits covers the scope of the trade
What is the one exception to workplace discrimination?
if the characteristic prevents the worker from doing the requirements of their job
there are none
religious beliefs
age
What is NOT a form of intellectual property?
Registered Designs
Trademarks
Copyright
Contracts
Codes of practice are...
Rules voluntarily created by industries
Laws created for industries by the government
Guidelines for the industry
Advertising standards
Liquidity refers to...
How easily a business can convert its assets into cash
The overall profitability of the business
Whether a business can pay its debts
The rate of growth over a yearly quarter
Assets refer to...
Items of value that a business owns
Expenses accrued by the business
A column in the profit and loss statement
Tax write-offs
Business might assess how necessary their spending is to ensure....
efficiency
growth
legal compliance
solvency
If the Australian dollar value crashes, this is an example of a ....... factor.
Economic
Political
Environmental
Technological
Superannuation refers to....
a compulsory retirement fund paid by a business to its workers
a tax-free exemption to purchasing new assets
an investment fund available on request for start-ups
Macro-environmental factors are....
parts of the natural landscape a business needs to consider
factors that are beyond the business' control and it must adjust to
stakeholders outside of the business that must be satisfied
