The share in the net profit of a company (after tax and other expenses) paid to a shareholder.
What is a dividend.
100
The main purpose of a business.
What is producing goods and services.
100
A business can be classified by size, geographical spread, legal structure and..
What is industry.
100
How many categories of external influences are there.
What is 10.
100
Establishment, growth, maturity, post-maturity are known as...
What is the business life cycle.
200
A person who is willing to undertake financial risk in business by innovating and/or starting up new businesses or investing in existing businesses.
What is an entrepreneur.
200
Through research and development, existing products are improved and new products are created.
What is innovation.
200
The proportion of total market sales the business has compared to competitors is known as...
What is market share.
200
The economic cycle characterised by increased customer spending and expectations and falling unemployment.
What is recovery (upswing).
200
The money coming into the business in the form of cash receipts, and the money leaving the business as cash payments.
What is cash flow.
300
Businesses which have branches or franchises operating in more than one state or territory.
What is a national business.
300
Businesses provide about 80% of all private sector jobs.
What is employment.
300
The number of employees for a medium sized business.
What is 20-199.
300
The removal of government regulation from industry, with the aim of increasing efficiency and improving competition.
What is deregulation (financial influence).
300
A business may grow by taking control of another business by purchasing a controlling interest in it.
What is an acquisition.
400
Means that the shareholders (owners) of a company are liable for the debts of the company only to the extent of the funds that they have invested in the company or any amounts that are unpaid on the shares that they hold.
What is limited liability.
400
When wealth is redistributed by the government.
What is tax.
400
The process companies go through to become a separate legal entity.
What is incorporation.
400
Institutional influences include the government and union associations and ...
What is regulatory bodies (ACCC, ASIC, NSW Fair Trading, EPA).
400
The elements of the post-maturity stage of the BLC are:
What is steady state, decline, renewal.
500
Where a business achieves the greatest possible return or output from an input by using the lowest amount of resources or assets.
What is efficiency.
500
The possibility of loss.
What is risk.
500
Which factors influence choice of legal structure (3).
What is size, ownership, finance.
500
The number of competitors in a particular market e.g. monopoly, oligopoly, monopolistic competition, perfect competition.
What is market concentration.
500
When the business owner is forced to cease trading by the creditors of the business.