Terminology
The financial gain made by a business after subtracting expenses, costs, and taxes from their revenue
Profit
Carbon
According to the ABS, most businesses are classified as this
Small Businesses
The All-Time NBA Points Leader
LeBron James
This element of the Learner Profile encourages students to be persistent and resilient, able to recover from challenges
Remain Determined
A business structure in which two or more individuals manage and operate the business with shared profits and liabilities.
Partnership
The S in PEST stands for this
Social
As of June 2023, what is the most popular model of EV in Australia
Tesla
The only person to win 4 Dally M Medals
Jonathan Thurston
Surface, Deep, Transfer
The difference between Accounts Receivable and Accounts Payable
Accounts Receivable:Money you are OWED for something you've provided but not been paid for
Accounts Payable:Money you OWE for something you have received but not yet paid for
Name 2 Political factors affecting Businesses
The first stage of the Business life cycle
Establishment Stage
The film trilogy (based on books) about a short man trying to destroy a piece of jewellery, stars Elijah Wood, Viggo Mortensen and Orlando Bloom
Lord of the Rings
This element of the Learner profile is a large part of the assessment from Market Day, and involves thinking about and justifying your choices
Reflect on Learning
What SWOT Stands for
Strengths, Weaknesses, Opportunities, Loss
The three P's of the Triple Bottom Line
People, Planet, Profit
Political, Economic, Social, Technological
The country in which Hawaiian Pizza was invented
Canada
The 6 aspects of the Learner Profile
Work With Others, Remain Determined, Develop Independence, Seek Challenge, Reflect on Learning, Be Open Minded
Economies of Scale
cost advantages obtained by businesses when production becomes efficient, usually due to increases in production and decreases in cost of production
the percentage of ASX 200 businesses have net zero targets (rounded to the nearest 10%)
60%
Macro Environment
uncontrollable, external forces (economic, demographic, technological, natural, social and cultural, legal and political) which influence a businesses decision making
A Ghanaian-Australian rapper and singer from Canberra, who's won 6 Arias and was the 2023 ACT Young Australian of the year
Genesis Owusu
Reflecting on thinking and processes, solving problems and drawing conclusions supported by evidence.
Critical Honesty