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QLDBusinessQuick questions
Unit 1: Business creation
Quick questions on Ethical and socially responsible business practice (QCE Business Unit 1)
7short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is legal compliance v ethical responsibility?Show answer
Legal compliance is meeting the minimum standards imposed by law. In Australia these include the Corporations Act 2001, Australian Consumer Law (ACL), Fair Work Act 2009, Privacy Act 1988, Modern Slavery Act 2018, and industry-specific legislation. Non-compliance triggers fines, executive prosecution and reputational damage.
What is stakeholder management?Show answer
A stakeholder is any party with an interest in the business. The seven groups commonly identified.
What is rio Tinto Juukan Gorge?Show answer
Rio Tinto detonated explosives that destroyed 46,000-year-old Aboriginal rock shelters at Juukan Gorge in WA for an iron-ore expansion, despite multiple internal warnings. Result: CEO and senior leader departures, a parliamentary inquiry, restructuring of community-relations practice, and a Reconciliation Action Plan reset.
What are pwC Australia tax leaks?Show answer
A senior tax partner shared confidential Treasury consultations on multinational tax law with PwC's commercial team. Result: divestment of the public-sector consulting practice (Scyne Advisory), departures of senior partners, a Senate inquiry, and substantial reputational damage to PwC globally.
What is atlassian Foundation?Show answer
Atlassian publicly committed to Pledge 1 percent (1 percent equity, time and product to charity) at IPO in 2015. Through to FY24 the foundation has contributed over $50 million through grants and Atlassian product to NGOs. The Pledge has been a recruitment and brand asset and has been copied by other Australian tech businesses (Canva, Culture Amp).
What is plan?Show answer
Choose initiatives addressing the three TBL pillars; identify stakeholder benefits explicitly.
What are generic "ethical business is better" sentences?Show answer
Use specific named businesses and specific cases.
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