An Overview of the External Environment: The Fundamentals (VCE SSCE Business Management): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the purpose of ABLIS for business owners?
What is the purpose of ABLIS for business owners?
To identify required licences & permits
At what annual turnover must businesses register for GST?
At what annual turnover must businesses register for GST?
$75,000
What corporate tax rate do small businesses in Australia pay?
What corporate tax rate do small businesses in Australia pay?
25%
What is the maximum penalty for serious breaches of the Competition & Consumer Act?
What is the maximum penalty for serious breaches of the Competition & Consumer Act?
$10M or 10% of annual turnover
What percentage of Australia's population was aged 65+ in 2021?
What percentage of Australia's population was aged 65+ in 2021?
15.9%
How did manufacturing employment change from 1966 to 2021?
How did manufacturing employment change from 1966 to 2021?
From over 25% to approximately 6.5%
What is the main effect when interest rates are low?
What is the main effect when interest rates are low?
Borrowing becomes more affordable
What happens to demand when consumer confidence is high?
What happens to demand when consumer confidence is high?
Businesses experience increased demand
Why are external factors challenging for business planning?
Why are external factors challenging for business planning?
They can be difficult to predict
What percentage of workers experienced remote work during COVID-19 lockdowns?
What percentage of workers experienced remote work during COVID-19 lockdowns?
Approximately 40%