Virtual Enterprises

27 Questions | Total Attempts: 300

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Virtual Enterprises

This quiz is for students studying in Virtual Enterprises.


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Questions and Answers
  • 1. 
    As of October 2009, how many VE’s where there available for you to trade with in the network?
    • A. 

      100+

    • B. 

      50

    • C. 

      125

  • 2. 
    What is VEA's mission?
    • A. 

      To offer innovative learning solutions for developing employability skills to match the needs of business

    • B. 

      To help people learn how to sail

    • C. 

      To produce records

  • 3. 
    What does the National Office do?  Choose which one of the following is NOT what the National Office does
    • A. 

      Trains and supports registered VEs

    • B. 

      Operates business and regulatory services (VEA Bank, VEA Taxation Office, public utilities (electricity, water, rates, etc), small business registration, customs etc...

    • C. 

      Trades with Virtual Enterprises

  • 4. 
    Is the following the international organisation that VEA is a member of: 'PEN International' (Practice Enterprises Networks - International)?
    • A. 

      Yes

    • B. 

      No

  • 5. 
    Where is PEN International Based?
    • A. 

      Australia

    • B. 

      Germany

    • C. 

      Singapore

  • 6. 
    Which of the following is the PEN International website? 
    • A. 

      Www.virtualenterprise.com.au

    • B. 

      Http://cms.europen.info

    • C. 

      Www.google.com

  • 7. 
    When did Virtual Enterprises begin?
    • A. 

      1995

    • B. 

      1991

    • C. 

      2005

  • 8. 
    What is a Virtual Enterprise?
    • A. 

      A Virtual Enterprise (VE) is a simulated business in which the students adopt business roles (as employees and managers). Each virtual business trades with other virtual businesses across Australia, buying and selling virtual goods using virtual money

    • B. 

      A Virtual Enterprise is a spaceship that arrived from Mars to work with schools and help educate them on the solar system

  • 9. 
    Who are the 3 different types of people in your Virtual Enterprise?  Select which one of the following is not on them.
    • A. 

      Students

    • B. 

      Business Partner(s)

    • C. 

      Facilitators

    • D. 

      The principal

  • 10. 
    The following list is some of the key competencies you will learn as a student in a VE.  Which one is not one of the 7 competencies?
    • A. 

      Communicating ideas and information

    • B. 

      Working with others and in teams

    • C. 

      Sharing stories

  • 11. 
    What is the business partners role in the Virtual Enterprise?
    • A. 

      Acts as a mentor for both students and teacher advising, supporting and injecting new ways of thinking about your business

    • B. 

      Invites you over for dinner parties

    • C. 

      Sells products to you

  • 12. 
    Is the teachers role in the Virtual Enterprise different to their role in a regular classroom?
    • A. 

      Yes

    • B. 

      No

  • 13. 
    Which one of the following is not part of the "action learning" cycle that you and your teacher will experience in a Virtual Enterprise?
    • A. 

      Planning

    • B. 

      Doing

    • C. 

      Reflecting and Learning

    • D. 

      Writing

  • 14. 
    Why is it important to be at work on time?
    • A. 

      The Virtual Enterprise works as one large team so your attendance affects everyone there and your productivity

    • B. 

      To avoid peak traffic

    • C. 

      To look good

  • 15. 
    What do you do if you get injured in the workplace, in your Virtual Enterprise?
    • A. 

      Your business will have a form that is filled in whenever an incident occurs in your workplace

    • B. 

      Go home to your doctor without telling anyone in the Virtual Enterprise

    • C. 

      Continue working as if nothing happened

  • 16. 
    As manager of your Virtual Enterprise, why is it important to know or create a business plan?
    • A. 

      To know where your organisation is going

    • B. 

      To get experience in using computer programs such as Office

    • C. 

      To look busy

  • 17. 
    Working in the Finance Department involves which one of the following roles?
    • A. 

      Recording and maintaining cash books and ledgers

    • B. 

      Advertising the business

    • C. 

      Answering the reception phone

  • 18. 
    As Human Resource in your Virtual Enterprise, you collect and maintain employee records.  Is this true or false?
    • A. 

      True

    • B. 

      False

  • 19. 
    One of the jobs you may be in charge of working on in Sales is
    • A. 

      To process and identify orders

    • B. 

      Paying employees their wages

    • C. 

      Sending mail out of the Virtual Enterprise

  • 20. 
    Which one of the following wouldn't be my job if I was working in Administration in the Virtual Enterprise?
    • A. 

      Reception

    • B. 

      Mail

    • C. 

      Office Supplies

    • D. 

      Following up payments owing to the Virtual Enterprise

  • 21. 
    Which one of the following is NOT one of the steps in writing a cheque? 
    • A. 

      Sign it

    • B. 

      Date it

    • C. 

      Write on the butt

    • D. 

      Not worry about writing who the cheque is for

  • 22. 
    Who would you normally be sending a purchase order to?
    • A. 

      The VE that you wish to buy your product from

    • B. 

      Your manager

    • C. 

      VEA National Office

  • 23. 
    When would you send an invoice to another Virtual Enterprise?
    • A. 

      When a Virtual Enterprise purchases something from you and you need to let them know that payment is due, how much for and how to pay

    • B. 

      When you want to work out bank reconciliation

    • C. 

      When you want to buy a produce from another Virtual Enterprise

  • 24. 
    How do you pay for your utility bills?
    • A. 

      By sending in a cheque to the VEA Bank

    • B. 

      By hoping it just gets paid

    • C. 

      By sending it to another Virtual Enterprise

  • 25. 
    Why do you need to fill in a timesheet as an employee in your Virtual Enterprise?
    • A. 

      So that you can be paid the correct amount according to your working hours or leave taken

    • B. 

      So people can watch what you are doing

    • C. 

      So that you have some more work to do