Analysing a Budget (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
13 questions from this quiz
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Practise the questions
13 questions from this quiz
What is budget analysis?
What is budget analysis?
Examining a budget to assess finances
What is a budget deficit?
What is a budget deficit?
When expenditure exceeds income
What problem arises when a budget deficit leads to borrowing?
What problem arises when a budget deficit leads to borrowing?
Money must be repaid with interest
What is the key advantage of budget analysis?
What is the key advantage of budget analysis?
Reveals problems in advance
When comparing income and expenditure, what should you calculate?
When comparing income and expenditure, what should you calculate?
Whether there is a surplus or deficit
Why examine closing cash figures when analysing a budget?
Why examine closing cash figures when analysing a budget?
To see if reserves can cover deficits
What should you look for when examining budget patterns?
What should you look for when examining budget patterns?
Recurring issues or seasonal changes
Which strategy can increase household income?
Which strategy can increase household income?
Working overtime or extra shifts
How can spreading large payments help a budget?
How can spreading large payments help a budget?
Arrange monthly instead of annual payments
What should be prioritised when cutting spending?
What should be prioritised when cutting spending?
Reduce discretionary before essential
What are bar charts excellent for in budget analysis?
What are bar charts excellent for in budget analysis?
Comparing expenditure across months
What are line graphs useful for showing?
What are line graphs useful for showing?
Trends over time
According to CCPC research, what % of Irish households feel financially secure?
According to CCPC research, what % of Irish households feel financially secure?
25%