Preparing a Budget (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What two main things does a household budget show?
What two main things does a household budget show?
Income and expenditure
Which type of expenditure stays the same each month and must be paid regularly?
Which type of expenditure stays the same each month and must be paid regularly?
Fixed expenditure
Which of these is an example of irregular expenditure?
Which of these is an example of irregular expenditure?
Grocery bills
What type of expenditure is non-essential and optional?
What type of expenditure is non-essential and optional?
Discretionary expenditure
Which type of expenditure should be planned first when preparing a budget?
Which type of expenditure should be planned first when preparing a budget?
Fixed expenditure
What formula calculates total expenditure?
What formula calculates total expenditure?
Fixed + Irregular + Discretionary
How do you calculate net cash?
How do you calculate net cash?
Income - Total expenditure
What does net cash show you?
What does net cash show you?
Whether you have money left or overspend
How do you calculate closing cash?
How do you calculate closing cash?
Opening cash + Net cash
What does closing cash become in the following month?
What does closing cash become in the following month?
Opening cash
What is Child Benefit an example of in a household budget?
What is Child Benefit an example of in a household budget?
Income source
Which expenditure type can be reduced if needed?
Which expenditure type can be reduced if needed?
Discretionary expenditure