Obeying the Law
This number is required to identify a business with the ATO
This statement shows cash inflows and outflows over a period
What is a cash flow statement?
Choosing local suppliers reduces this environmental impact
What is carbon emissions?
This refers to buying and selling goods online
What is e-commerce?
This document outlines broad rules for expected behaviour
What is a policy?
You must register this if your business name is different from your own
What is a business name?
Programs such as Xero and MYOB help businesses with...
This refers to a business operating ethically and sustainably
What is Corporate Social Responsibility?
A global advantage: businesses can now source from here to reduce costs
What are overseas/international suppliers?
This explains step by step how to carry out a policy
What is a procedure?
This organisation helps ensure workplace safety in Victoria
What is WorkSafe Victoria?
This practice helps a business plan future spending
What is budgeting?
This type of supplier offers consistency in their delivery and quality
What is a reliable supplier?
One way a business could use technology to manage relationships with overseas suppliers?
What are communications platforms?
This process begins with identifying the need/problem for a new rule
What is policy development?
This document identifies a business's legal obligations before starting up
What is a business plan?
This record tracks all sales and purchases made
What is a cash book?
Ignoring CSR when choosing a supplier can damage this
What is the business's reputation?
A risk of using global suppliers dependent on technology for communication
What is time zone differences? What is tech failures?
A clear policy helps avoid confusion and improve this
What is consistency or workplace efficiency?
This number is used for income tax purposes
What is a Tax File Number (TFN)?
The money left over after removing expenses
What is profit?
This risk can occur if a supplier offers low prices but poor working conditions
What is unethical labour practice?
Explain one risk and one benefit of using offshore manufacturing?
What is lower cost? What is ethical issues/delays?
What are legal requirements/laws?