Business Term 4 Flashcards

1
Q

Responsibilities of an employer

A
  • Pay the minimum wage
  • Pay appropriate sick leave
  • Provide paid holiday leave
  • Pay superannuation contributions
  • Provide sufficient work breaks
  • Provide a safe work environment
  • Ensure there is no unlawful workplace discrimination
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Responsibilities of an employee

A
  • Complete required hours of work
  • Be honest and accurate with money
  • Keep business information confidential
  • Give the required amount of notice when leaving
  • Obey workplace rules such as safety and anti-
    discrimination rules
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is an enterprise agreement?

A

An agreement negotiated between the employer and employee around wages and working conditions. Must be approved by Fair Work Commission.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is discrimination?

A

Discrimination is treating a person or group, differently from others, based on their personal characteristics. e.g. sex, race, age, marital status, religion, political opinion.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Two conditions that must be present for discrimination to occur?

A
  • The person must have been disadvantaged by the discrimination
  • The discrimination must have resulted in a negative action. e.g. firing an employee
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What test does the Fair Work Commission run to approve an enterprise agreement?

A

The “better off overall” test, to see whether the employee would be better off on the agreement rather than the award.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Who do you go to if you have been discriminated in the workplace?

A

The Fair Work Commission deals with any complaints about workplace discrimination. The Fair Work Ombudsman can also investigate the matter.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is sexual harassment in the workplace?

A

Sexual harassment is any sexual behavior that is unwelcome or unwanted. It makes the victim feel offended, frightened, uncomfortable, embarrassed, initiated, ashamed, or humiliated.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Who deals with bullying in the workplace?

A

Fair Work Commission or health and safety organisations.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Factors that determine if there has been workplace bullying

A
  • A person or group must have behaved unreasonably to a worker or group at work
  • Must have occurred repeatedly
  • Must have created a health and safety risk
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What factors classify it as unfair dismissal?

A

It must be considered harsh, unjust, or unreasonable to be unfair dismissal.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is summary dismissal?

A

Summary dismissal is when an employee is dismissed immediately on the spot as the employer believes their conduct is serious enough to justify their dismissal. e.g. violence, fraud, theft, drinking alcohol.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is the economy?

A

The Australian Economy is all activities undertaken for the purpose of production, distribution, and consumption of all goods and services we require to satisfy our needs and wants.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Types of resources

A

Natural, capital, labour

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What are natural resources?

A

Resources that come from nature, above or below ground. e.g fish from the ocean, wood from trees

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are labour resources?

A

The skills needed to make the good or service. e.g. carpentry skills, nursing skills

17
Q

What are capital resources?

A

Manmade resources used to produce and transport goods and services. e.g. buildings, roads, machinery, equipment.

18
Q

What is scarcity?

A

Where there aren’t enough resources available to satisfy our needs and wants.

19
Q

What is opportunity cost?

A

Opportunity cost is the cost of what it is that we don’t choose and therefore the lost opportunity.

20
Q

What are the 5 types of economic systems?

A
  1. Traditional/ Subsistence Economy
  2. Market Capitalist Economy
  3. Planned Capitalist Economy
  4. Market Capitalist Economy
  5. PLanned Socialist Economy