BM1-OC2-Chp2

Descripción

This test covers Outcome 2 of Business management 1, VCE, Victoria.
libbytorney
Test por libbytorney, actualizado hace más de 1 año
libbytorney
Creado por libbytorney hace más de 8 años
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Resumen del Recurso

Pregunta 1

Pregunta
Entrepreneurship is the ability and willingness to start, operate and assume the risk of a business venture in the hope that you will make a profit.
Respuesta
  • True
  • False

Pregunta 2

Pregunta
A sole trader is an unincorporated structure of a business ownership which has more than 2 and less than 50 partners.
Respuesta
  • True
  • False

Pregunta 3

Pregunta
A partnership business structure can have up to 400 shareholders.
Respuesta
  • True
  • False

Pregunta 4

Pregunta
Buying a Franchise means buying the rights from another business, to distribute its products under its name.
Respuesta
  • True
  • False

Pregunta 5

Pregunta
A complimentary business offers products or services that are different to yours but are aimed at the same customers in a shopping precinct such as a shopping strip or centre.
Respuesta
  • True
  • False

Pregunta 6

Pregunta
An accountant will provide interest free loans and free advice on financial services at your bank.
Respuesta
  • True
  • False

Pregunta 7

Pregunta
A solicitor can provide information on business formation and structure, registration, contracts, leases and more.
Respuesta
  • True
  • False

Pregunta 8

Pregunta
Business enterprise centres (BEC), Chamber of Commerce and local government are all sources of legal and business management advice.
Respuesta
  • True
  • False

Pregunta 9

Pregunta
One of the following are forms of business ownership:
Respuesta
  • sole trader, partnership, company
  • accountant, engineer, company
  • incorporated, partnership, large business
  • shopping centre, home based, online

Pregunta 10

Pregunta
Which choice best describes market research?
Respuesta
  • identify who, what and where
  • Identify information, gather, analyse and interpret
  • market, competitors, product, service
  • none of the above
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