Error in '09 assessment report?

[RobDog]

For question 2b, it says:
Describe two characteristics that would identify Wombat Airlines as a large-scale organisation
I answered over 200 employees and total assets valued over $200 million.

But the assessment report says:
Two of:
• more than 200 employees
• substantial total assets (more than $20 million)
• significant total revenue
• in multiple locations and is a global company

I've always though it was over 200 million not 20...
Help and thanks!

[rufuss]

im pretty sure its 200, might just be a typo in the report

[tashpash]

I never had a figure for it... It's always just been 'substantial' for me. Good to know

[RobDog]

Yeah just checked my textbook (probably should have done that first), says over 200million. Stupid VCAA trying to sabotage me again.

[Phy124]

The textbook my school uses "Key concepts in VCE business management" defines a large-scale organisation as having 200 or more employees, assets worth more than $200 million and revenue in the millions.

Anyway, that's interesting that they would ask a similar question two years in a row. I guess the business management course is quite small so it would be hard not to.

[smithy16]

Is it revenue in the millions or revenue in the billions? I always thought it was in the billions of $$$

[RobDog]

Annual revenue = millions
Total revenue = billions

i'm quite sure.

[smithy16]

are you 100% sure. Because a lot of LSO's such as Costco receive annual revenue in excess of $80 billion. And i dont think total revenue is a characteristic of an LSO. In my book there is only annual revenue. And total revenue would be pretty difficult to calculate anway.

[RossiJ]

Yeah just checked my textbook (probably should have done that first), says over 200million. Stupid VCAA trying to sabotage me again.

BE NICE TO DENISE SHES GOT A LOT TO DO POOR LADY CANT GET EVERYTHING RIGHT haha

+ don't give specific numbers just say significant

[RossiJ]

and its just revenue dont over complicate it

"Significant/Substantial revenue (in the millions - if you want to)"

[RobDog]

Sorry Denise.

Also i just use Employees over 200, assets over 200mil. Easy peasy japaneasy.

[RossiJ]

Sorry Denise.

Also i just use Employees over 200, assets over 200mil. Easy peasy japaneasy.

for employees you have to give a number but yeah true, true