Legal Reqs and External Professionals
What does OH&S stand for?
Occupational health and safety
What is the "separate entity" principle?
The idea that a business bank account should be separate from personal bank account
What is one advantage of having a supplier in close proximity to the business?
Less transport costs, time saved, freshness
What is remote working?
Workers can complete tasks without physically being in the office due to technology
How do you spell my last name?
Dixit
Independent workers who charge businesses or individuals for work on a per job basis
Give 2 benefits of using the Just in Time approach
Fresh ingredients, less need for storage
Name 2 areas a business could have a policy about
Logical response
What are two computer programs that would be used at HPSC?
Compass, Teams, OneNote etc
Capital of Iceland
Reykjavik
Name 3 legal requirements that a business needs to fulfill when establishing a business
Registering the business name, registering a website domain, trade practices legislation, business tax compliance and work safe insurance, consumer protection and fair competition, local government legal requirements
What are "accounts receivable"?
Outstanding invoices or payments that a business has - the money that the business is owed from its customers
What is the difference between a policy and procedure?
A policy is a written set of broad guidelines to be followed by all employees when dealing with important areas of decision making, a procedure is a series of actions that enable a policy to be put into practice
Name 3 different areas that technology can be used in within a business
Administration, manufacturing, marketing, customer databases
What was the score in the 2026 FIFA World Cup final between Spain and Argentina?
1 - 0
Name 3 types of external professionals
Freelancers, marketing consultants, bookkeepers, recruiters, sales professionals, IT technicians
What is the difference between a cash book and a balance sheet?
A cash book provides a summary of all the business’s cash receipts and cash payments, a balance sheet shows a business’s assets (what they own) and liabilities (what they owe) at a point in time
State 2 benefits and 2 costs of choosing a socially responsible supplier
+ reputation, more customers, better for environment etc
- more expensive, time consuming to check up etc
Give 2 advantages and 2 disadvantages of maintaining a customer database
+ Improve customer service, target marketing better, increase loyalty, track habits
- Time consuming, expensive to maintain, privacy concerns
What is the national flower of Japan?
Cherry blossom
When does a business NOT need to register their business name?
When it is the name of the owner
Name 5 factors to consider when opening a bank account
Name 5 factors to consider when choosing a supplier
Give 2 advantages and 2 disadvantages of using overseas suppliers
+ less expensive materials, access to ingredients that are not locally available, may be more authentic
- long delivery times, environmental impacts, less ability to monitor
When did 'The Simpsons' first air on TV?
1989, 1999, 2009