Section I - Multiple Choice (2 Viewers)

[AlexJB]

Re: Business Studies Section I: Multiple Choice

"Ethical Practice- tax havens and transfer pricing"

That doesn't mean it's ethical. Those are two unethical practices, and laws exist within Australia to prevent both. Going under those laws is not only illegal, but unethical.

 

[wavecrush91]

Re: Business Studies Section I: Multiple Choice

for question 4 business are also legally responsible for providing money-back guarantee. It states so in the ACCC consumer laws. Although i think this is only applicable when the business actually does promise money-back guarantee.

My answers with reasons:

1. c - age bracket given
2. d - only one with two that are not secret
3. b - just is
4. d - the others are just courtesy/ethical NOT legal
5. d - trick question (similar one seen before)
6. b - mediator
7. a - other are just not methods of expansion
8. b - only one with teams in it
9. c - copyright infringement
10. a - all others are internal
11. a - the Australian business is EXPORTING so payment in advance would be GOOD
12. d - lest debt therefore less risk
13. c - others are irrelevant/measures of effective ER
14. a - work it out
15. b - gp goes up, expenses goes down
16. a - others irrelevant/horizontal integration
17. d - other are ALL unethical
18. b - other are not political they are social/cultural, tech, financial
19. c - others dont cost the EMPLOYERS
20. c - other don't involve the government (OHS is a state gov law)

Correct me if you think I am wrong.

 

[bayan92]

Re: Business Studies Section I: Multiple Choice

Past Trial Answer (2007 Leading Edge):

Abiding by all taxation laws and avoiding unethical practices such
as transfer pricing or utilising tax havens in order to avoid taxation
in the higher taxed nations that the business trades in.

From the news:

Tax haven crackdown 'working well' - ABC News (Australian Broadcasting Corporation)

 

[AlexJB]

Re: Business Studies Section I: Multiple Choice

for question 4 business are also legally responsible for providing money-back guarantee. It states so in the ACCC consumer laws. Although i think this is only applicable when the business actually does promise money-back guarantee.

Businesses are legally responsible to provide a money back guarantee if the product is damaged or does not function. The "money back guarantee" in the question was too broad, since it implied that if buyers changed their mind or did not like the product, businesses were legally bound to refund it, which most certainly is not the cause.

 

[bayan92]

Re: Business Studies Section I: Multiple Choice

for question 4 business are also legally responsible for providing money-back guarantee. It states so in the ACCC consumer laws. Although i think this is only applicable when the business actually does promise money-back guarantee.

Yeah that one is a tricky one.
I didn't realize that....

But I guess both will be correct because you can't have like broken glass and stuff everywhere...

 

[La Bomba]

Re: Business Studies Section I: Multiple Choice

damn. lol

 

[bayan92]

Re: Business Studies Section I: Multiple Choice

damn. lol

Sorry just trying to prove my point

wavecrusher (not alexjb sorry) according to wikipedia -

A money back guarantee is essentially a simple guarantee that, if a buyer is not satisfied with a product or service, a refund will be made.

Businesses have to give warranty if the product is faulty but not just because you dont want it

 

[laram]

Re: Business Studies Section I: Multiple Choice

does anyone know the choices for this. q4. legal responsibility to customers

Q.4 choices were:
a) to deliver quality service
b)to advertise weekly specials
c) to offer a money-back guarantee
d)to provide a safe shopping environment

I have the question sheet in front of me =)

 

[lj91]

Re: General Thoughts: Business Studies

I think I might've messed up abit but anyway:

1. C
2. D
3. B
4. D
5. D
6. B
7. A
8. B
9. C
10. A
11. A
12. D
13. C
14. A
15. B
16. A
17. D
18. B
19. C
20. C

i got the same as u did

 

[laram]

Re: General Thoughts: Business Studies

consumer market FTW!!

 

[rowdyroddy]

Re: Business Studies Section I: Multiple Choice

17 im sorry to say is A: Transfering funds to tax havens. look at ur syalbus global.

...lol

this is called unethical

 

[Mattofoz]

Re: Business Studies Section I: Multiple Choice

...lol

this is called unethical

The question stated ethical! He keeps fighting back by writing its the right answer because it is unethical! LOL

 

[Kupo]

Re: Business Studies Section I: Multiple Choice

the answer for the first question is niche and not consumer. it is specific it is targeting 15-20 year old. If anyone who has the business dotpoint book and read on this section. it is definately not comsumer but niche

 

[ajay12]

Re: Business Studies Section I: Multiple Choice

Question 17:
Which of the following is an ethical business practice.
A, B and C were all unethical practices. D was using independant auditor, which is an ethical business practice. If you picked A, B or C, what do you think D was? Lol.

 

[kenshinx77]

Re: General Thoughts: Business Studies

c
d
b
d
d
b
a
b
c
a
a
d
c
a
b
a
d
b
c
c

No 11 is wrong. The bussiness is ordering from an overseas business. If the have an open account then there'll be little risk for the aus business as they'll receive the order beore the money
If they pay in advance there is a risk of the good not coming hehhe =) careles mistake buddy, unlucky ^^

 

[Kupo]

Re: Business Studies Section I: Multiple Choice

quesiton 4 - answer is to provide a safe shopping environement beause

- to deliver quality service, not all super has to be nice the other consumer and not all supermakert has delivery services
- to advertise weekly special.... stupid answer
- to offer moneyback guarantee... its not legal, like if u ate a banana, and you say its shit. your not gonna get moneyback for it... and refund policy and exchange policy varies in supermarket

- the clear answer is to provide a safe shopping environment because what, are you gonna shop in a store which is dirty, filled with rats, knives everywhere, and dead corpses in the supermarket, of course not, its same with business, employer has to improve a safe environemnt for employee to work in. OHS

 

[chuchu92]

Re: Business Studies Section I: Multiple Choice

So was it niche or market?
Niche is like group with specific needs. 15-20 jewelry buyers have different needs than other elders or younger

 

[kenshinx77]

Re: Business Studies Section I: Multiple Choice

DAMN it over made a careless mistake at number 12 xD

 

[ajay12]

Re: Business Studies Section I: Multiple Choice

lmaoooo yehh man it was trick question because it was at start of test and the 15-20 age group was to make ppl think yep niche, thatz why ppl stil cant realise it now, ive tried to explain but they don't get the point. they targeted it to 15-20 year olds, but jewlerry in general appeals to a large market, and hence they are not differentiating it to go to 15-20 yr olds as anyone can get their hands on it. ferrari is a niche market because only a select few people can afford a ferrari. for it to be part of a niche market it needs to have a differentiating feature that makes specific people want it. case closed

For question 1, the Board of Studies practically gave you a mark as this question was so easy. 15-20 is an specific age group, therefore it's niche. If the question had been "A store is selling jewellry at a local shopping mall, what type of market are they aiming at" that would be consumer. However, since the question said 15-20 age group, obviously it's niche.

Your example on Ferrari's is just fucking stupid. It's like Dolly or Girlfriend Magazine, they are targeted at teenagers, obviously a niche market, but going on your logic, what stops a 50 year old man or a 20 year old man from purchasing it?

You should not have chosen Business Studies as an HSC course.

 

[bmn]

Re: General Thoughts: Business Studies

No 11 is wrong. The bussiness is ordering from an overseas business. If the have an open account then there'll be little risk for the aus business as they'll receive the order beore the money
If they pay in advance there is a risk of the good not coming hehhe =) careles mistake buddy, unlucky ^^

"An Australian business is negotiating an order with a new overseas customer"

Pretty sure thats exporting.