AoS1 DP1

What is a domain name? (In terms of business)

• A website address/name.

• A subject at school.

• something to do with real estate.

• The name of a business.

Sole Traders do not need to register their business name if their name is the same as the business. Eg. Wade Smith Plumbing.

• True

• False

What does an ABN stand for?

• Australian Banking Number

• Australian Business Number

• Australian Business Name

• Australian Banking Name

Which of the following is a tax business owners need to be aware of? Select more than one.

• International Tax Law

• PAYG (Pay As You Go)

• GST

• Fringe Benefits Tax

Who is ultimately responsible if a case of workplace 'manslaughter' occurs?

• The victim

• Volunteers

• The employee

• The employer

Stamp duty is:

• A tax on individuals

• A tax on property, vehicles and capital equipment

• A tax on businesses only

• a tax on goods and services

WorkCover Insurance is compulsory for Victorian employers?

• True

• False

Match this definition with the appropriate breach of 'anti-competition' laws.

This occurs when a business attempts to attract customers by advertising some products at lower prices, without having a reasonable quantity of those goods for customers to buy. When the advertised products run out, customers are directed (or switched) to higher priced items.

• Misleading or deceptive conduct

• Unfair contract terms

• Pyramid schemes

• Bait advertising

The Maximum jail term for individuals involved in workplace manslaughter is:

• 20 Years

• 25 Years

• None

• Life in prison.

The maximum fine for businesses/organisation involved in workplace manslaughter is:

• $16.5 million

• $10 million

• $55 million

• $12.5 million