outcome 1

Question 1

what is a legal requirment

Answer 1

• registering business name,
• website domain,
• trade practises legislation,
• business tax compliance
• work safe experience

Question 2

registering a website domain name

Question 3

business taxation compliance

Question 4

work safe insurance

Question 5

consumer protection and fair competition

Question 6

explain why it is important when establishing a business to comply with legal requirements
2 marks

Question 7

describe to legal requirements that need to be considered when establishing a business
4 marks

Question 8

analysis the health and safety requirement of establishing a business
6 marks

Question 9

define domain name

1 mark

Question 10

describe the role a business name plays in establishing a business
2 marks

Question 11

outline and give an example of the taxation requirements of operating a business
3 marks

Question 12

factors to consider when choosing the right bank account

Question 13

bank fees

Question 14

intrest rates

Question 15

intrest rates

Question 16

overdraft

Question 17

credit cards

Question 18

convenience and support

Question 19

define financial control systems

1 mark

Question 20

describe the role of bank account in running a business

3 marks

Question 21

distinguish between financial control systems and records keeping strategies
4 marks

Question 22

explain one finacial control system that a business might use to improve its financial performance
2 marks

Question 23

explain why establishing a bank account is an important decision for a new business owner
2 marks

Question 24

outline the importance of a business developing effective record keeping strategies
2 marks

Question 25

why is the relationship between suppliers and business important?

Question 26

quality

Question 27

timeliness

Question 28

competitivness

Question 29

innovation

Question 30

consideration when choosing socially responsible suppliers

Question 31

financial/ economic

Question 32

social

Question 33

environmental

Question 34

outline two considerations that a business might make when choosing appropriate suppliers 2 marks

Question 35

what is the importance of choosing appropriate suppliers

Question 35

what is the importance of choosing appropriate suppliers

Question 36

identify a business that uses socially responsible suppliers, justify the businesses decision to use suppliers that meets its corporate social responsibility objectives 3 marks

Question 37

explain two reasons poor supply chain management can impact on the success of the business 4 marks

Question 38

policies

Question 39

procedures

Question 40

explain one advantage and disadvantage of deleting policy and procedure in business 4 marks

Question 41

Policy is only as good as the procedures that follow it' Discuss this statement and whether you feel it to be true? (6 marks)

Question 42

Explain how policies protect both the employee and the employer? (4 marks)

Question 43

what are some global and technical issues that may affect decision making when establishing a business

Question 44

Outline two factors that a business owner will need to consider when developing contact with overseas retailers. (2 marks)

Question 45

Explain the effects that developments in technology may have on decision making when establishing a business. (3 marks)

Question 46

Describe one technological issue and one global issue that may affect decision making when establishing a business. (4 marks)

Question 47

Discuss a business owner’s decision to develop contact with overseas suppliers when establishing a business. (4 marks)

Question 48

end of outcome 1