3. Complete the following sentences. Entrepreneurs are ___________ for the Australian economy. Entrepreneurs can be any _________. One of the deýning features of an entrepreneur is that they are willing to take _________.
4. Determine if the following statements are true or false. a. Business owners and entrepreneurs are the same thing. b. Entrepreneurs are successful because they avoid challenges. c. Entrepreneurial behaviour is encouraged in Australia. 5. State what is meant by the following entrepreneurial behaviours. a. Seizing an opportunity
b. Showing initiative c. Being innovative d. Being enterprising APPLY AND ANALYSE 6. Explain the difference between a business owner and an entrepreneur. 7. Explain what is meant by a ‘target market’. 8. Why is being an entrepreneur so important to the success of a business? EVALUATE AND COMMUNICATE 9. Distinguish between innovation and enterprise. 10. Entrepreneurs and business owners take risks. Describe two risks they may take and why it is important that they take these risks. Answers and sample responses for this topic are available online.
LESSON 17.6 What responsibilities come with working?
LEARNING INTENTION By the end of this lesson you should be able to: • describe some of the key responsibilities of being a worker in the Australian economy, including paying tax. • describe the responsibilities of being an entrepreneur in the Australian economy.
Tune in Imagine that you have developed a brand new type of white T-shirt that you want to produce and sell. 1. List the factors you might consider when deciding to produce or sell this product. 2. What do you think are some laws or responsibilities you will need to comply with when producing your white T-shirt? 3. Make a list of ýve recent purchases that you have made. Next to each item on your list, write down a law or responsibility the producer would have needed to comply with. FIGURE1 What do you need to consider when selling a new product?
608 Jacaranda Humanities Alive 7 Victorian Curriculum Third Edition
Made with FlippingBook interactive PDF creator