Legal Structures and Superannuation
Private limited company
A large business has over ______ employees
200
What is a stakeholder?
Any person or organization that has a "vested interest" in the business, meaning that it is affected by the business in some way
Name two things that McDonald's would get from suppliers
Beef, potatoes, tomatoes, milk, soft drinks, packaging etc
Capital city of Spain
Madrid
Explain two differences between incorporated and unincorporated businesses
Incorporated = separate legal entity, limited liability
Unincorporated = not a separate legal entity, unlimited liability
How is profit calculated?
Revenue - expenses
What is the main objective of owners and shareholders?
To make a profit
Name two things a trade union can help employees with
Collective bargaining, Protecting employee rights, Improving work conditions, Supporting workers in disputes, Industrial action
Year HPSC was established
1986
Contributions made by your employer to access in retirement
What is corporate social responsibility?
The obligation a business has to ensure the wellbeing of the community - this goes beyond what is already required by law
What is the minimum wage for adults in Australia?
$19.80 $23.20 $24.95 $27.35
$24.95
What is market share?
The proportion (share) of the sales that a business makes out of the total sales in the market
Which team won the Premier League last week?
Arsenal
What are the two situations where you will be paid superannuation?
2. Under 18 working over 30 hours in a week
How many employees does a medium business have?
20 - 199
What does 'CEO' stand for?
Chief Executive Officer
Give an example of a lobby group and how they can affect a business
Aim to influence the actions of the public, private companies or the government about a particular topic e.g. Choice, WWF
Spell Ms Dixit's first name
Priyanka
What type of legal structure is Woolworths Ltd? Give two reasons to support your answer
Name 5 management functions
Managing, Organising, Distributing, Forecasting, Controlling, Marketing, Production
Apart from pay, what are three other ways a business can attract and keep employees?
Leave, job security, recognition, challenging work, supportive work environment etc
Give two advantages and two disadvantages of KFC using AI at its drive-thrus
+ Faster, less cost on wages, doesn't require pay, less human error
- Customers may not feel comfortable, requires maintenance, possible errors in understanding etc
Which of these is NOT a band - Teen Jesus and the Jean Teasers, Khruangbin, King Gizzard and the Lizard Wizard, or Roongfin?
Roongfin