Size
Location
Industry
Legal Structure
Random
100
maximum number of employees in a non-manufacturing small business
20
100
Supports the community where they are located
Local
100
Involves farming, mining, fishing and forestry
Primary industry
100
Which business entity is owned and operated by more than two people and has unlimited liability?
Partnership
100
MacDonalds
200
has less than 5 employees
Micro
200
Can be found in many countries around the world
Global
200
House cleaners and travel operators are part of which industry sector?
Quinary
200
One owner with unlimited liability
Sole Trader
200
The four stages of the business life cycle are?
Establishment, Growth, Maturity, Post Maturity
300
A manufacturing business has 120 employees
Medium
300
A business that is located at many sites in only one country
National
300
Converts raw materials into a consumer product
Secondary
300
What type of business would National Foods Limited most likely be
Private company
300
Under the Business Names Registration Act 2011 which organisation oversees the registration of business names in NSW?
Australian Securities and Investment Commission
ASIC
400
George has opened a clothing store for men called The Matrix. George decided not to make a separate legal entity, although he is hoping that it will grow nationally.
Sole Trader
400
Newcastle University is in this sector
Quaternary
400
Which type of business is listed on the Australian Securities Exchange?
Public companies
400
The person who risks his or her time, energy and money to start a business is called:
an entrepreneur
500
QANTAS is Australia’s major airline. It could be classified as:
Large
500
Lisa Row Custom Furniture is a new manufacturing business that has opened on the Central Coast. It is receiving great reviews for its quality furniture.
Which industry is Lisa Row operating in?
Secondary
500
A large business that is not financially viable if operated in the private sector
Government enterprise
500
Which term refers to a business being registered as a separate legal entity to its owners?
Incorporation