10 Commerce
  • Law in Society
  • Running A Business
    • (1.0) Selecting Business Opportunities
    • (2.0) Managing the Business
    • (3.0) Group Task
  • Law in Action
    • 1.0 Contact with the Law
    • 2.0 Rights and Responsibilities
    • 3.0 Resolving Disputes
    • 4.0 Current Issues
  • Our Economy
    • Economic Change
  • Employment Issues
    • 1.0 Legal Issues in the Workplace

LEGAL REQUIREMENTS OF A BUSINESS

You will need:
  • TEXTBOOK: Concepts in Commerce CH15.2 p.314-315
  • Exercise books

Key Terms:
  • ABN/ACN
  • GST
  • Workplace Relations Act 1996
  • ASIC

Tasks:
  1. Read through the hand-out on Regulations of a business. 
  2. Complete the worksheet attached below summarising the THREE levels of government and their impact on small businesses. 
  3. Watch the Health and Safety Videos below and explain the importance of State regulations for ALL businesses and companies. 
STARTING YOUR BUSINESS - very useful from page 13 onwards. 
startingyourbusinesschecklist.pdf
File Size: 936 kb
File Type: pdf
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Meeting Regulations worksheet
File Size: 10 kb
File Type: docx
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Health and Safety = what not to do...


Maintaining records

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com_10_financial_statements_worksheet__-_detailed_.docx
File Size: 576 kb
File Type: docx
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You will need:
  • TEXTBOOK: Concepts in Commerce CH15.7 p.324-325
  • Exercise books

Key Terms:
  • revenue
  • expenses
  • assets
  • liability
  • owner's equity
  • gross profit 
  • net profit

Tasks:
  1. Over the next few lessons we will be working through the "Financial Statements" worksheet (Hard copy during class) 
  2. Complete the worksheet as we progress through each financial statement.
  3. Ensure all key terminology has been defined as we go. 
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ASSESSMENT LESSON AND PREPARATION

com_10_-_business_portfolio.pptx
File Size: 2898 kb
File Type: pptx
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Risk Management & Key issues

You will need:
  • TEXTBOOK: Concepts in Commerce CH15.8 p.326-327
  • Exercise books

Key Terms:
  • Risk management
  • Purchasing
  • Stock Control
  • Scheduling
  • Quality control

Tasks:
  1. Complete the minimising risk worksheet attached to the right.  
  2. You may use your textbook and the internet to assist you. 
  3. Complete the Insurance case study. 
  4. Using all the information you have gathered, plus the video answer the following:


"Explain why effectiveness risk management strategies are necessary in ensuring the success and longevity of a business"
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Risk Management Worksheet
File Size: 20 kb
File Type: docx
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Management of Production Example

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