11 Business Revision

Which of the following businesses is in the Quaternary Industry Sector?

• Paul's Lawnmowing
• Thompson Manufacturing
• Freeman Tutoring
• Ellis Farm

The legal structure of this business is

• Sole Trader
• Private Company
• Public Company
• Partnership

A business with 20 employees is considered to be . . .

• Small
• Medium 
• Large
• Micro

An Italian Restaurant in Sydney which imports ingredients from New Zealand is . . .

• Local
• National
• Multicultural
• Global

Which of the following businesses has unlimited liability?

• Westpac Ltd
• Sanders & Son Cleaning

Which of these businesses needs a prospectus?

• Billabong Ltd
• Ralph and Mary's Homewares
• WestInvest Pty Ltd
• Roger's Dogwalking

An apple farm who grows apples and makes apple juice is:

• Primary and Secondary
• Primary and Tertiary
• Secondary and Tertiary
• Tertiary and Quinary

Which element of the external environment includes looking at demographics?

• Economic
• Financial
• Geographic
• Social

A shortage of workers in an industry is a reflection of which element of the external environment?

• Financial
• Markets
• Economic
• Competition

An increase in unemployment has led to less spending by consumers because of their lower incomes. Which element of the external environment is affecting businesses?

• Financial
• Economic
• Social
• Administrative