Nature of Business - Revision

Public companies are those listed on the Stock Exchange.

During a boom period there in decreased employment and consumer spending.

Owners of businesses often seek more financial resources because

The quarternary sector are only businesses that are involved in banking.

The name given to businesses that are registered as legal entities separated from owners

Examples on non-government organisations that influence business are:

What is a SME?

An example of an Australian Global business might be:

What is the best definition of a 'finished product'?

Establishment cost for a business will depend on:

Shareholders are defined as:

The legal structure of a business refers to how a business is owned and registered.

A primary industry is involved in

What would be a primary aim of a public sector business?

Why is the 'corporate culture' important?

What is productivity?

In which Geographical region does Australian business belong?

Which of these are an important role of business in society?

An advantage of being a sole trader is...

Which of the following are internal influences on business?(more than one answer)

Ownership of a business is often associated with

The quinary sector has developed in more recent times because:

What is a micro business?

Incorporated businesses are legally separated from the owners.

An example of a National business might be:

The economic cycle is:

A private company has limited liability and 1-50 owners.

What are the three geographical classifications of business?

Why is it important to get advice when forming a partnership?

What is the key element of  entrepreneurship?

An example of a local business might be:

What is the best definition for an entrepreneur?

An example of a profession in the secondary industry is...

Businesses need to aware of our changing society because:

A shareholder can be held financially responsible for all a company's debt.

A business owner must consider these when forming a business: (one or more maybe correct)

Why is it important for businesses to provide choice to it's consumers?

What is the reward for the business owner for producing goods and services?

Why is innovation important in business?

The Reserve Bank of Australia can take action to influence the Australian economy.

Stakeholders: is anyone who is affected by decisions or actions of the business.