Business lifecycle
What is the first stage in the business life cycle
Seed stage
What is involved involved in the acquisition phase of the employment lifecycle?
Job analysis, recruitment and selection
What is equity financing?
When owner's or shareholders invest capital into a business in order to earn profit
Did the RBA drop, raise or leave interest rates alone July 2024?
Left alone - 4.35%
Where did Miss Friedrichs teach before Kenmore?
Chinchilla
Strategy - reduce costs of production to remain competitive
What stage is this?
Maturity
What is induction?
When a new employee is introduced to the business
What does it mean for business when the RBA raises interest rates?
The cost of borrowing is increased
Which accounting firm was disgraced in 2024 due to a tax scandal?
PWC
What does Miss Friedrichs call someone when they're being silly?
Muppet
This is a challenge - name the stage where a business needs to attract customers and have a regular cash flow
Start up
What are four on-the-job methods to train a new employee?
1. Job rotation
2. Coaching
3. Seminar or instructor led training
4. Online modules
How can financial growth be assessed?
Using a comparative Statement of Profit or Loss and a comparative Statement of Financial Position
Which Australian airline has just been put into administration?
REX
Where in the world is Miss Friedrichs from?
Zimbabwe
This is a challenge - getting too comfortable or overextending resources in order to grow
What stage is this?
Growth
How can a business ensure an employee is highly engaged?
Provide opportunities for employer and employee feedback
What is the formula to calculate net profit?
Revenue - Expenses = Net Profit
Which country's financial market dropped by 13% on Tuesday (5/8/2024)?
Japan
What is the longest distance Miss Friedrichs has run?
90km
Strategy - Ensuring the implementation of quality practices, and heavy involvement in the recruitment process
What stage is this?
Growth
What is the difference between retrenchment and dismissal?
Retrenchment is the term to describe what happens to an employee whose employment is terminated because their role becomes redundant. Whereas, dismissal describes the act of terminating an employment contract because of misconduct or underperformance.
What is the least liquid asset a business could own or control?
Land
What was inflation in the 12 months to June 2024?
3.8%
What year did Miss Friedrichs start teaching?
2020