Virtual Enterprises
This quiz is for students studying in Virtual Enterprises.
- 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
Correct Answer
A. 100+ -
- 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
Correct Answer
A. To offer innovative learning solutions for developing employability skills to match the needs of business -
- 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
Correct Answer
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
Correct Answer
A. Yes -
- 5.
Where is PEN International Based?
- A.
Australia
- B.
Germany
- C.
Singapore
Correct Answer
B. Germany -
- 6.
Which of the following is the PEN International website?
- A.
Www.virtualenterprise.com.au
- B.
Http://cms.europen.info
- C.
Www.google.com
Correct Answer
B. Http://cms.europen.info -
- 7.
When did Virtual Enterprises begin?
- A.
1995
- B.
1991
- C.
2005
Correct Answer
A. 1995 -
- 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
Correct Answer
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 -
- 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
Correct Answer
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
Correct Answer
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
Correct Answer
A. Acts as a mentor for both students and teacher advising, supporting and injecting new ways of thinking about your business -
- 12.
Is the teachers role in the Virtual Enterprise different to their role in a regular classroom?
- A.
Yes
- B.
No
Correct Answer
A. Yes -
- 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
Correct Answer
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
Correct Answer
A. The Virtual Enterprise works as one large team so your attendance affects everyone there and your productivity -
- 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
Correct Answer
A. Your business will have a form that is filled in whenever an incident occurs in your workplace -
- 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
Correct Answer
A. To know where your organisation is going -
- 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
Correct Answer
A. Recording and maintaining cash books and ledgers -
- 18.
As Human Resource in your Virtual Enterprise, you collect and maintain employee records. Is this true or false?
- A.
True
- B.
False
Correct Answer
A. True -
- 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
Correct Answer
A. To process and identify orders -
- 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
Correct Answer
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
Correct Answer
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
Correct Answer
A. The VE that you wish to buy your product from -
- 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
Correct Answer
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 -
- 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
Correct Answer
A. By sending in a cheque to the VEA Bank -
- 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
Correct Answer
A. So that you can be paid the correct amount according to your working hours or leave taken -
- 26.
Which one of the following is probably not the best way to greet visitors to your Virtual Enterprise?
- A.
Smiling
- B.
Asking who they are there to see
- C.
Ignore them
Correct Answer
C. Ignore them -
- 27.
Which step is NOT necessary or a part of going petty cash?
- A.
Keeping a tally
- B.
Writing the date of purchase
- C.
Keeping a receipt of the purchase
- D.
Not worrying about writing every purchase
Correct Answer
D. Not worrying about writing every purchase -
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Current Version
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Jan 10, 2013Quiz Edited by
ProProfs Editorial Team -
Feb 22, 2010Quiz Created by
Virtualenterpris
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