Which of the following best describes a domain name?

The address of a business website on the internet

Which of the following is widely regarded as the 80/20 rule of marketing?

80 per cent of sales are likely to come from 20 per cent of customers.

Which of the following best describes the customer base?

The consumers who will repeatedly buy the products offered by the business

Which of the following would NOT be considered a reasonable employer expectation?

Employees regularly complete unpaid overtime

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VCE Business Management Unit 2 Revision

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VCE Business Management Unit 2. Revision on AOS1 Legal Requirements and Financial Considerations ; AOS2 Marketing a Business; AOS3 Staffing a Business

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Questions 15

Answers

1
Which of the following employees are entitled to long-service leave?
Full time
Casual
Contract
All of the above
2
Which of the following best describes a domain name?
The name that the business is most commonly referred to on the internet
The most commonly used trading name of a business
The postal address of a business
The address of a business website on the internet
3
Which of the following elements from the internal environment will have an impact on the customer base of a business?
Owners and managers
All of the above
Culture and policies
Employees
4
Which business objective is likely to be achieved with the right marketing strategies?
All of the above
Expanding the size of the business
Increasing sales and market share
Increasing profitability
5
How many domain names can a business register?
There is no limit
5
2
1
6
Which of the following is widely regarded as the 80/20 rule of marketing?
80 per cent of customers are likely to come from 20 per cent of sales.
For every 80 satisfied customers, expect to have 20 dissatisfied customers.
80 per cent of sales are likely to come from 20 per cent of customers.
The business should receive $80 of revenue for every $20 of expenses.
7
What is the tax rate for large companies?
25% of their profits
15% of their profits
30% of their profits
The rate increases as they earn a higher profit
8
Which of the following objectives would be directly achieved by increasing revenue and decreasing expenses?
Expanding the business
Making a profit
All of the above
Increasing market share
9
Which one of the following is a federal tax that a business may have to pay?
Payroll tax
Land tax
Fringe Benefits Tax
Stamp duty
10
Which of the following best describes the customer base?
The consumers who will repeatedly buy the products offered by the business
The strategies on how to attract customers
Where the highest number of loyal customers are located
All of the above
11
Which of the following would NOT be considered a reasonable employer expectation?
Employees be committed to their job
That the employee be punctual
Employees regularly complete unpaid overtime
All of the above
12
Which of the following practices is the most effective in improving the effect that employees have on the customer base?
All of the above
Rewarding employees who show values to build the customer base
Training employees to be polite and respectful to customers
Informing employees of the business’s strategies to build the customer base
13
Which of the following is a FALSE statement about employees?
The activities of employees are the main source of revenue for businesses.
Highly skilled workers generally command higher wages.
The wages paid to employees are a major expense of employers.
None of the above
14
Which one of the following is a state tax that a business may have to pay?
Goods and Services Tax
Stamp duty
Fringe Benefits Tax
Group tax (PAYG)
15
Which of the following terms refers to a person’s hourly rate of pay?
Wage
Salary
All of the above
Remuneration

VCE Business Management Unit 2 Revision Flashcards | StudBud