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Operations
Finance
Marketing
Human Resources
Exam Prep
100

Definition of Operations

What is the processes that involve the transformation or production?

100

Planning and monitoring of financial resources to achieve objectives

What is financial management?
100

Marketing Approach

What is production, selling and marketing? 

100

Management of the relationship between employer and employee

What is human resource management? 

100

Length of the HSC Exam

What is 3 hours?
200

The cost advantages that can be created because of an increase in the scale of business operations

What is Economies of Scales?

200

Long term source of borrowing 

What is leasing?

200

The promotion mix

What is advertising, personal selling & relationship marketing, sales promotion and publicity/PR
200

Organisations formed to represent employees to improve conditions 

What is trade unions? 

200

First component of a business report

What is an executive summary? 

300

3 Advantages and 3 Disadvantages of outsourcing 

What is;

Advantages: simplification, efficiency, cost saving, accountability, access to skills/resources, building competencies

Disadvantages; cost, communication, lost of control, hierarchies, organisational change, vulnerability, information technology 

300

Define liquidity 

What is the extent to which a business can meet its financial commitments in the short term (less than 12 months)?

300

Official definition of CSR

Cannot say triple bottom line

What is open and accountable business actions based on respect for society, and the environment, beyond compliance with the law  
300

Fair Work Act (2009) established this 

What is the national framework for industrial relation?

300

Length of time to complete short answer

What is an hour and 15 minutes?

400

Four input costs

What is;

- Facilities

- Land

- Resources

- Interest on investment

- Leases on machinery

- Installation and testing

400

total liabilities ÷ total equity 

What is debt to equity ration?

400

Refers to the environment which the service will be delivered 

What is physical evidence?

400

Maximum penalty for false claims under NSW Worker's Compensation Act

What is $5,500 or 12 months imprisonment or for an insurer up to $50,000?

400

Essay verbs in 2023 HSC Business Studies exam

What is 'To what extent?'

500

Three aspects of Kurt Lewin's model for business 

What is Unfreezing, Change and Refreezing?
500

Functions as the market operator, clearing house and payments system facilitator 

What is Australian Securities Exchange?

500

Refers to the long term, broad aims affecting all key business areas

What is strategic?

500

What percentage does 'reduce cost' make up as a reason for a business to outsource? 

What is 36%
500

Number of students in Business Studies at DCSC

What is 87?

- HSC 34

- Prelim 54