1977457
Question 1
Question
What would be an advantage of a business being registered as a sole trader?
Answer
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It may have restrictions on the amount of money that it could borrow
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The owner is responsible for all the decisions affecting the business
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The personal assets of the owner could be sold in the event that the owner is unable to meet the financial obligations of the business
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Funds used to operate the business are generally provided by the owner
Question 2
Question
How may a public company be best defined?
Answer
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A business that is listed on the Australian Securities Exchange and has ownership open to all members of the public
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A business that is owned and operated by government
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A business that is open for ownership by a select group of people
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A government business that is in the process of being sold to private investors
Question 3
Question
Jannon purchases shares in a public company listed on the Australian Securities Exchange. What is the name given to the income that Jannon would receive from this?
Answer
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Profit
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Yield
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Return on Investment
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Dividend
Question 4
Question
Stephanie is employed by Arnott’s to prepare and mix ingredients as part of the process of making biscuits. Which industry does Stephanie work in?
Answer
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Primary
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Secondary
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Tertiary
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Quaternary
Question 5
Question
Each year a public company must release a document to its shareholders outlining the financial performance of the business over the past year. What is this report known as?
Answer
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Prospectus
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Annual Report
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Financial Accounts Summary
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Shareholder Report
Question 6
Question
What is the process of organising and operating a government business enterprise on private sector principles known as?
Answer
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Corporatisation
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Privatisation
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Nationalisation
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Entrepreneurship
Question 7
Question
What is the name given to businesses that are registered as legal entities separate from their owners?
Answer
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Sole Traders
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Unincorporated Businesses
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Incorporated Businesses
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Private Companies
Question 8
Question
Paperlix is a medium-sized private company that specialises in the production of recycled paper. It is considering the possibility of becoming a public company. What would be an advantage of this?
Answer
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The business would move from an unlimited liability to a limited liability company
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It would be able to access external funds for future growth and expansion strategies
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Existing shareholders would remain responsible for the long-term and day-to-day operations of the business
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The business would move from an incorporated business entity to an unincorporated business entity
Question 9
Question
What would be a primary aim of a public sector business?
Answer
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To provide essential services to the community that, for various reasons, the private sector does not supply
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To achieve a profit on the services that it provides to the community
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To compete with private sector businesses across a range of industries, including telecommunications and postal services
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To employ Australians
Question 10
Question
Through which organisation are shares in public companies traded?
Answer
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The Stock Exchange Association of Australia
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The Australian Market of Exchange
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The Australian Securities Exchange
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The Australian Stock Market
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