Chapters 7 And 10 Flashcards
How does a business register?
A business will register their name on ASIC!
What is zoning in government by-laws?
Zoning includes where a person can place their homes business etc. types of zoning are light and heavy industrial, commercial and retail.
What is OHS and give examples of what it includes!
All businesses are assured to have OHS policy from within all the business. To have a safe workplace! E.g safe workplace, to enviable staff in the development, to communicate all ohs policies.
What is superannuation and workers compensation?
Since 1992 all employers must pay super. 9% of income, purpose is to give funds the the employee for when they are retired!
Means insurance for when a employee is injured, provides them with income!
What is employee regulations and give examples!
Employee regulations is I forced by state and fed, it covers disputes/ minimum wages (awards) fair work Aus covers this!
Define enterprise bargaining!
Employee and employer bargain over a wage to be set!
What are the three main legislations?
Anti discrimination laws
Sexual harrasmant laws
Affirmative action laws- to improve the advancement of jobs for women and aboriginals. Helps break the glass ceiling
How are environmental laws placed?
They are enforced to protect the environment, to help with the discharge of toxic and waste management including noice ( environmental protection authorities)
Consumer protection laws?
Consumers shall not receive dodgy product, the goods advertised must be the same. A SBO must be aware of the weights/measures, packaging requirement and labelling!
What is an insurance policy and give examples?
Insurance policy is a legal contract to give financial protection, it works by the client paying a insurance broker to cover them!
1- workers compensation
2- motor vehicle third party (passengers)
Codes of practice?
The action for a business to have regulated standards of behaviour, if not they can loose their licence!
Human/physical needs of a business?
Workforce planning? And
This involves a cycle of purchasing equipment, leasing, maintaining relationships, and replacement of resources (inputes used in production)
It’s ongoing- buy delivery van, service, buy petrol, replace
Workforce planning- to get a supy of worker, keep relationship, and keep them motivated!
What is the need for business finance?
Business failure is due to a lack of business planning!
Businesses have to consider factors when deciding between alternate sources of finance!
What’s the purpose of finance, amount, time period?
What are the three types of business finance?
Short term- 1-3 years, must be under 2000
Bank overdraft- if u go below 0 u can still get money but up to 20,000
Medium- 3-10 term loan
Long term- 10+ term loan
Planning a marketing strategy?
Includes how costers will be drawn into the business + how they will be maintained,
Must include ( objectives, market range, demand, why they will buy)
Marketing research?
Gathering of info on your market, can be done by Discussion Employing market research company Internet Industry association
The act of this is to define the products, target market and competition!
Define corporate citizenship? And examples of what they have to oblige to do?
A small business are obliged to follow their own set of rules, the concept of corporate citizenship means the ability to go with the rules. E.g. Social responsibility, legal, ethical. Failure to do these results in legal prosecution or for sable closure.
What is job analysis?
And what is job description?
The process of gathering info relating to a job being performed! Draw up a list of essential and desirable skills
At statement of duties, working conditions and other requirements.
What are 2 ways of recruiting staff?
Two ways of recruiting your business is through advertisement and word of mouth
What is the difference between recruitment and methods of selecting staff!
Recruitment: throwing a net and gettingn a range of people
Methods: choosing the most suitable staff
Stages of selecting staff!
1: shortlist of applicants
2: interview
3: perform background checks
4: the job offer
What questions are you not allowed to ask in an interview?
Not allowed to ask any questions relating to the sex, marital, race or religion. As they are not deemed relevant!
What is te difference between a full time position and a casual??
Casual position mean the employee gets no entitlements! They do revive higher pay and there is little job sequiturs!
Full time position means the employee works 38 hours and above! They will receive entitlements which include holiday leave, super, sick leave, long service!
What is the process of induction of staff!
The process of introducing new workers to their new workplace, their role, colleagues plus the culture!
- mentor buddy system
- on the job training- training program
The main purpose of this is so that the employee can get an understanding of the culture, history, ohs and dress code!
What is the overview of relevant legislation?
That business owners plus management comply with legislation ( ohs, wages, super and equal opportunity)
