Podcast
Questions and Answers
Which type of business involves the production of finished or semi-finished products?
Which type of business involves the production of finished or semi-finished products?
- Tertiary
- Quaternary
- Quinary
- Secondary (correct)
In which type of business does the owner retain all the profit?
In which type of business does the owner retain all the profit?
- Sole Trader (correct)
- Public Company
- Partnership
- Private Company
What type of business involves services traditionally performed at home?
What type of business involves services traditionally performed at home?
- Tertiary
- Secondary
- Quaternary
- Quinary (correct)
Which type of business has easy capital raising but faces difficulties in decision-making with multiple owners?
Which type of business has easy capital raising but faces difficulties in decision-making with multiple owners?
What category of services involves the transfer and processing of information and knowledge?
What category of services involves the transfer and processing of information and knowledge?
In which type of business is there separation between the individual and the owners, providing limited liability?
In which type of business is there separation between the individual and the owners, providing limited liability?
Which of the following is an advantage of an incorporated/limited liability business structure?
Which of the following is an advantage of an incorporated/limited liability business structure?
Which of the following external factors would have the least direct influence on a business's choice of legal structure?
Which of the following external factors would have the least direct influence on a business's choice of legal structure?
Which of the following institutions is responsible for regulating the financial conduct of companies and reviewing the legality of investments?
Which of the following institutions is responsible for regulating the financial conduct of companies and reviewing the legality of investments?
What is the primary role of the Australian Competition and Consumer Commission (ACCC)?
What is the primary role of the Australian Competition and Consumer Commission (ACCC)?
Which of the following internal factors would have the most significant impact on the size and structure of a business?
Which of the following internal factors would have the most significant impact on the size and structure of a business?
Which of the following statements about business location is true?
Which of the following statements about business location is true?
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