Business U2T2: Market Entry Factors

Business U2T2: Market Entry Factors

11th Grade

20 Qs

quiz-placeholder

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Business U2T2: Market Entry Factors

Business U2T2: Market Entry Factors

Assessment

Quiz

Business

11th Grade

Hard

Created by

Michelle Lehmann

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What organization is responsible for enforcing mandatory standards in Australia?

Australian Bureau of Statistics (ABS)

Australian Competition and Consumer Commission (ACCC)

Reserve Bank of Australia (RBA)

Australian Taxation Office (ATO)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Codes of practice are put in place to regulate activities within which of the following?

Schools

Government offices

Industries

Libraries

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which law must all businesses in Australia comply with to ensure ethical operation and correct consumer information?

Australian Consumer Law (ACL)

Fair Work Act

Environmental Protection Act

Corporations Act

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the consequences of breaching the Australian Consumer Law?

Tax exemption

Fines and legal fees

Awards and recognition

Business grants

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exaggerated statements or images in advertising that no reasonable person would believe are known as what?

Defamation

Slander

Puffery

Plagiarism

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under Australian Consumer Law, which of the following rights do consumers NOT have?

Repair

Replacement

Refund

Free sample

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which competitive environment is characterized by numerous small businesses with no control over prices?

Monopoly

Oligopoly

Monopolistic competition

Perfect competition

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