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Section I - Multiple Choice (2 Viewers)

dadeng

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multiple-choice was hard.

... lost 4 marks already.
 

Badberries

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Re: General Thoughts: Business Studies

What did you guys get for question 3?
"An australian business has opened a factory in china. What method of international expansion is this?"
A) Export
B) Licensing
C) management contract
D) direct foreign investment
 

iLazy

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Re: Not hard?

Im not sure i think it was FWA also.

dam i put common law T.T

http://en.wikipedia.org/wiki/Fair_Work_Australia
The answer IS common law. I was also about to put FWA but look at the syllabus. Employment relations. The heading is "legal framework of employment relations", first dot point "the employment contract - common law (rights and obligations of employers and employees), statutes, awards, agreements."

For everyone stressing out over that question it's common law. Most people at my school put that as well. And it's directly from the syllabus.
 
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Re: General Thoughts: Business Studies

what did you guys get for question 3?
"an australian business has opened a factory in china. What method of international expansion is this?"
a) export
b) licensing
c) management contract
d) direct foreign investment
d) fdi
 

iLazy

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Re: General Thoughts: Business Studies

was the answer for this question a or b?

Riley has 150 employees.She is preparing a report outlining her companys plans to ensure women have better access to senior positions. Which workplace issue is Riley addressing?
a) anti discrimination
b) EEO
c) OH&S
d) workers compensation
I put A but some people are saying B. I still think it's A because from what I know, EEO is only applicable in the recruitment process so they can't discriminate against any applicant and must provide equal employment opportunities for everyone. Reason I put A was because the Anti-Discrimination Act 1977 I believe included previous legislation regarding race, religion, gender etc (that's all I remember from memory). Still the only question I'm not 100% right about.
 

iLazy

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Re: General Thoughts: Business Studies

I don't think so tbh mate.

EEO - Equal Employment Opportunity --> basically to ensure that when in the employment process, certain characteristics don't hinder one's chances.

It's clear from the question that the women were already employed as Riley was trying to 'ensure women have better access'.
This.
 

hup

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Re: General Thoughts: Business Studies

I put A but some people are saying B. I still think it's A because from what I know, EEO is only applicable in the recruitment process so they can't discriminate against any applicant and must provide equal employment opportunities for everyone. Reason I put A was because the Anti-Discrimination Act 1977 I believe included previous legislation regarding race, religion, gender etc (that's all I remember from memory). Still the only question I'm not 100% right about.
eeo includes recruitment, selection, training and promotion
 

WorryWartCob

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Re: General Thoughts: Business Studies

ok.
now im pissed.

by the looks of things i got 18/20.
fuck the two i got wrong were easy..
 

iLazy

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Re: General Thoughts: Business Studies

if you have the jacaranda book, page 407
Nope I don't have the book. I'll trust that it's B then. Fuck it, means I got 18 then. I'm happy considering I was ranging 12-17 when I was practicing MC. Anyways, exam's over. Gotta go do English. Good luck guys.
 

BobSherman93

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Re: General Thoughts: Business Studies

It is common law, FWA doesnt do shit except if employees start complaining, besides, the "act in good faith and use care and skill stuff" has always been set down by precendent, therefore common law
ALSO EEO is the correct answer, in business you should treat women as equally as men and EEO promotes equality so women can have opportunities
 

thefatman123

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Re: General Thoughts: Business Studies

the sylabus dot point says "Common Law (rights and obligations of employers and employees)" and the question said "...is it the resposnsibility of employees..." looks like a clear allusion tot he common law section of the syl
anyway in legla we laernt that FWA is a body that oversees the implementation of the FWA act and the NES and looks into complaints, it itself doesnt create obligations for employees but it enforces them
so really" under common law it is the responsibility of employees to use care and skill in work activities, an obligation enforced and over watched by FWA"
 

Tennisaddict

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Re: General Thoughts: Business Studies

Yeah I think it is Common Law now! :/
Down to 19 :(
 

WorryWartCob

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Re: General Thoughts: Business Studies

Looks like i got the

Question 2 - What type of Industrial Action is a Lockout - wrong. omfg.
Question 19 - What does a Cash flow statement show?
 

thefatman123

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Re: Not hard?

alright guys answers to multiple choice, correct me if im wrong
1)D 2)B 3)D 4)C 5)C 6)B 7)A 8)C 9)D 10)B 11)A 12)B 13)C 14)C 15)D 16)A 17)C 18)C 19)B 20)A
got all the same as you except these ones, and ive gotta say im pretty confident that im right on all those ones
2)A
10)C
14)D
15)A
16)B
17)C
18)C

major screw up by me though, i said having a debt:equity ratio lower then the industry average signified pooper solvency :(
 

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