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InQUIZitive?

Which of the following are the various responses to regulation?

Insurance, helplessness, delegation, denial, sophistication

Compensation, helplessness, delegation, denial, sophistication

Insurance, helplessness, delegation, rejection, sophistication

Insurance, helplessness, centralisation, rejection, sophistication

Which of the following regulations could both enable and constrain business activities?

A $20,000 subsidy to small businesses

An increase in the corporate tax rate

Lowering the minimum wage

Bailouts for failing industries

Which of the following businesses would be the most strongly impacted by business regulation?

A multinational mining company, e.g. BHP, Rio

A chain of convenience stores, e.g. 7-Eleven

A small trade company, e.g. A sole trader plumber, electrician, landscaper

A publicly owned media outlet based across online and television platforms, e.g. ABC

Considering the current business environment, which business regulation would the government consider the most pressing?

An increase of the corporate tax rate from 30% to 35%

An increase of the GST from 10% to 15%

Amendments to the corporate tax legislation that implement more stringent anti-tax avoidance measures, e.g. Harsh penalties, mandatory full disclosure of all financial statements

A decrease of the corporate tax rate from 30% to 25%

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