Which Employees in Australia Are Covered by the Federal Industrial

question 12

Multiple Choice

Which employees in Australia are covered by the Federal industrial relations system as set out in the Fair Work Act 2009 (Cth) ?

• A)All Australian employees
• B)All employees employed by corporations
• C)All public service employees
• D)All employees not covered by a Federal award

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Definitions:

Cost Of Goods Sold

The immediate expenses linked to the manufacturing of goods a company sells, encompassing costs for materials and labor.

Current Assets

Short-term assets that a company owns, which are expected to be converted into cash within one year, such as inventory, cash, and accounts receivable.

Average Collection Period

A financial metric that measures the average number of days it takes a company to collect payments from its credit sales.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming fiscal year, such as machinery, buildings, and land.