Income and Expenditure (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 is income?
What is income?
Money received by a person or household
What is a key feature of regular income?
What is a key feature of regular income?
Arrives at predictable intervals
Which statement best describes irregular income?
Which statement best describes irregular income?
Cannot be relied upon for regular expenses
Which is an example of regular income?
Which is an example of regular income?
Monthly salary
At what age can people receive the State Pension?
At what age can people receive the State Pension?
66 and over
Until what age is Child Benefit paid if the child is in full-time education?
Until what age is Child Benefit paid if the child is in full-time education?
Under 18
What is overtime?
What is overtime?
Pay for working beyond normal hours
What are dividends?
What are dividends?
Share of company profits to shareholders
What must happen with loans?
What must happen with loans?
They must be repaid with interest
What does benefit-in-kind mean?
What does benefit-in-kind mean?
Non-monetary compensation for work
Which is an example of benefit-in-kind?
Which is an example of benefit-in-kind?
Company car for employees
What distinguishes needs from wants?
What distinguishes needs from wants?
Needs are essential for survival