Commerce dept takeover of Sports Academies

Question 1

A salary is the same as a wage.

Accepted Answer

False

Question 2

Which of the following are methods of tax the government uses?

Accepted Answer

Income Tax, Company Tax, All of the above, Goods and Service Tax (GST)

Question 3

Fill in the blank; income - _______ = profit/loss.

Accepted Answer

costs

Question 4

Which Commerce course can you do the Young Enterprise Scheme in Year 12 and 13?

Accepted Answer

Business Studies

Question 5

What is taxation?

Accepted Answer

Income for the government.

Question 6

Which Commerce course can you use Sharesies to buy/sell real stocks and in Year 12 and 13?

Accepted Answer

Management and International Business

Question 7

What is the definition of profit?

Accepted Answer

Gaining a financial advantage or benefit

Question 8

How could you get money to start a business?

Accepted Answer

Use my own money., Get private investment., Get a bank loan.

Questions 8