Question 1

How would you classify Global, National and Local business

Accepted Answer

Geographical spread

Question 2

What are the five industry sectors

Accepted Answer

Primary, secondary, tertiary, quaternary, quinary

Question 3

What is the smallest size classification of a business

Accepted Answer

Micro-business

Question 4

what legal structures do not have limited liability

Accepted Answer

Sole trader and partnership

Question 5

how many employees in a medium size business

Accepted Answer

20-199

Answer

200+

Answer

2-100

Answer

1

Question 6

What does SME stand for

Accepted Answer

Small to Medium Enterprises

Question 7

Which one of these is an example of a National business- fruit and veg shop, BHP Billiton, Coles, McDonalds

Accepted Answer

Coles

Question 8

What is the industry sector that traditionally are performed in the home?

Accepted Answer

Quinary

Question 9

How many owners in a partnership

Accepted Answer

2-20

Question 10

What acronym/s  represents a Private Company

Accepted Answer

Pty Ltd

Question 11

What does GBEs stand for?

Accepted Answer

Government Business Enterprises

Question 12

What is the name of the process where a Government Business turns into a Private Company?

Accepted Answer

Privatisation

Question 13

What is a public sector business?

Accepted Answer

A business owned by the government

Question 14

Does an incorporated or unincorporated business have shareholders?

Accepted Answer

Incorporated

Question 15

What is the minimum number of employees to be classified as a large businesses?

Accepted Answer

200

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