Hint
|
Answer
|
The process by which a business ensures that it observes and complies with the external statutory laws and regulations.
|
Legal Complience
|
Acceptance by a corporate of it's responsibility to stakeholders for actions and decisions
|
Corporate Citizenship
|
A rule that is created, maintained and enforced by an authority
|
Regulation
|
A unique name identifying the website in a web address
|
Domain Name
|
a pension payment made to workers on retirement; the money comes from employers' contribution made during the working life of the employee
|
Superannuation
|
Australia's national workplace relations tribunal. It's role is to assist employers and employees to maintain fair and productive work places.
|
Fair Work Comission
|
The relationship between employer and employee with regards to contractual, emotional, physical and practical concerns.
|
Workplace relations
|
A written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time.
|
Warranty
|
To lie or exaggerate about the features or benefits offered by a product being sold
|
False representation
|
A contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
|
Insurance
|
Periodic payment made to an insurance company
|
Premium
|
An assessment of the level of risk for which insurance cover is sought, conducted by an insurance company
|
risk assessment
|
the protection of business against damages or injuries to another person or property
|
Public Liability Insurance
|
A written statement of the processes, procedures, rules and regulations
|
Policy
|
Sets of guidelines established by external bodies to regulate the standards of behaviours and conducts within an industry
|
Codes of practise
|
Guidelines to regulate standards of behaviour and conduct either within an organisation or within an industry
|
Code of conduct
|
Managing financial activities relating to the operation of a business.
|
Financial management
|
Maintaining accurate records of all matters related to business activities
|
Record Keeping
|
Tracking the cash or money coming into and going out of the business
|
cash flow
|
Contractual arrangements undertaken by a business; for example, payment of wages or rent.
|
Transactions
|
Information which identifies type of transaction, it's date, parties and financial value
|
evidence
|
Documents that provide evidence of transactions
|
Source Documents
|
one of the simplest forms of financial record keeping; sets out all the cash transactions of a business including receipts and payments.
|
Cash Book
|
When items are purchased and paid for in cash
|
cash payments
|
a periodical statement where the bank itemises the transactions relating to an account; for example, debits, credits, government and bank canges
|
bank statement
|
the ability of an ecosystem to maintain itself into the future; involves using the early resources at a rate they can be replenished.
|
Environmental sustainability
|
The specific regulations that a business uses to guide the process of procuring goods and services that are necessary
|
Procurement Policy
|