WorksheetsInfluences on SME - Tax & Finance
Total questions: 12
Worksheet time: 11mins
What type of finance is trade credit?
Long term equity
Short-term equity
Short-term debt
Long-term debt
Which of the following is not an establishment cost
Advertising
Phone connection
Signage
Shop fit out
What is the role of the ACCC
Protect investors from crime
Stop anti-competitive conduct
Implement fair trading act
Promote environmental protection
Which of the following is not a benefit of a business plan
Helps to test the viability of the business
Forces the business owner to justify their plans
Requires advice from paid professionals e.g. accountants, lawyers
Identifies the business strengths and weaknesses
True or False: Teams are a key function of a traditional hierarchal organisation structure
True
False
True or false: A skills audit is a database containing information on the skills, abilities and qualifications of existing staff
True
False
List two strategies a business may use to obtain a competitive advantage
List three ways overextension of finance resources may occur
E-Commerce refers to
Using the internet to find information
Using the internet to sell goods and services
Using the internet to communicate to other staff members
Providing online training to employees
FBT Refers to
Tax payable on the purchase of a franchise
Tax payable on benefits provided to employees
Tax payable on benefits provided to customers
Tax payable on the transfer of land to another party
The threshold at which a business must register for GST is
45000
100000
80000
75000
Land tax is a ________ tax paid ________
State, Anually
Local, Monthly
State, Quarterly
Local, Quarterly
