A revision exercise for Topic 1 Prelim Business Studies
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Across
a sum of money paid in return for a service or a good, usually paid as a percentage
is the cost of borrowing money
is either creating a new product, service or process, or significantly improving an existing one.
is the compulsory payment of a proportion of earnings to the government
a legal business structure that is owned and operated by between two and 20 people with the aim of making a profit.
is a scheme set up by the federal government. It requires all employers to make a financial contribution to a fund that employees can access when they leave or retire from a job. The percentage an employer must contribute will increase gradually to 12 per cent by 2025
essential for survival
a group of people with the authority to govern a country or state
can be defined as the organised effort of individuals to produce and sell, for a profit, the products that satisfy individuals’ needs and wants.
the capacity to have an effect on the character, development, or behaviour of someone or something, or the effect itself.
refers to the possibility of loss
money lost by a business or organisation
Down
a _______ is a good or service that can be bought or sold
the act of selecting among alternatives
is what remains after all business expenses have been deducted from sales revenue.
people who are part owners of a company because they own a number of shares
is someone who starts, operates and assumes the risk of a business venture in the hope of making a profit.
money received by workers, usually on an hourly or daily basis, for services they provide to an employer.
typically something not needed
is money received by a person for providing his or her labour, or a business from a return on its investments.
a fixed regular payment, usually paid on a fortnightly or monthly basis but often expressed as an annual sum, made to a permanent employee of a business.
an abundance of valuable possessions or money
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