Business Structures
A simple business structure in which one individual runs and owns the entire business.
Whate is a Sole Trader?
Document that oulines business goals, vision, strategies, competitors, target markets, marketing and financial details.
What is a Business Plan?
Type of business defined by ATO as an individual, partnership, company or trust that: is carrying on a business. has an aggregated turnover of less than $10 million.
What is small business?
Government financial reporting body commonly referred to as ATO?
What is Australian Tax Office?
Popular London Real Estate based board game, with sites including Mayfair and Old Kent Road
What is Monopoly
Type of business with more than one owner that hasn't filed papers with the state to become a corporation or (LLC).
What is a Partnership?
Unique Numeric Australian Business Identifyer issued by ASIC
What is Australian Business Numbet (ABN)
Type of business typically that employs anywhere between 20 and 199 staff.
What is Medium (size) Business?
Government business registration body commonly known as ASIC?
What is Australian Securities and Investments Commission?
1999 construction and management simulation video game themed around amusement parks
What is Roller Coaster Tycoon?
Type of legal entity formed by a group of individuals to engage in and operate a business enterprise in a commercial or industrial capacity.
What is a Company?
Type of Marketing where products are promoted through public medias
What is Advertising?
% of Australian private business that are SME?
What is approx 99%
Type of working that can help local councils connect with their small business community and hear about emerging issues or receive feedback.
What is Networking?
Motorsport strategy game that simulates motor racing management.
What is Motorsport Manager?
Type of a business structure that doesn't have an owner or owners in the traditional sense.
What is a Trust?
Type of financial statement where sales/revenues and expenses are foecast and calculated
What is Profit and Loss Statement?
SME,s contribute over half of Australia's what?
What is Gross Domestic Product (GDP)?
Office of government Department that administers budget, finance and support for business.
What is the Office of the Treasury?
Type of LAB game, learning experience that accurately simulates real-world business situations.
What is Capitalism Lab?
Body responsible for maintaining the Register of Limited Partnerships and Incorporated Limited Partnerships in NSW.
What is NSW Fair Trading?
Type of business plan summary that should, in brief, describe the “problem you are going to solve, and why that problem needs to be solved right now".
What is Executive Summary?
Government body referred to by the acronym ASBFEO?
What is the Australian Small Business and Family Enterprise Ombudsman?
International Government Body known as OECD?
What is Organisation for Economic Co-operation Development?
ASX game where you can buy and sell shares in 300+ companies listed on ASX , simulating real sharemarket conditions.
What is ASX sharemarket game?