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 expenditure?
What is expenditure?
Money spent to satisfy needs & wants
How often are electricity bills typically paid?
How often are electricity bills typically paid?
Bi-monthly (every two months)
What should you pay for first when managing your money?
What should you pay for first when managing your money?
Necessities before wants
What is opportunity cost?
What is opportunity cost?
The item you give up when buying another
Sarah buys concert tickets for €50. What is the financial cost?
Sarah buys concert tickets for €50. What is the financial cost?
€50 (the money she pays)
What is a false economy?
What is a false economy?
Buying cheap items that cost more long-term
Aoife buys 3 cheap bags at €15 each. How much does she spend in total?
Aoife buys 3 cheap bags at €15 each. How much does she spend in total?
€45
What is impulse buying?
What is impulse buying?
Buying items without planning
Which retail strategy encourages impulse buying?
Which retail strategy encourages impulse buying?
Sweets & magazines near checkout counters
What does overspending mean?
What does overspending mean?
Spending more money than you earn
What is a consequence of overspending?
What is a consequence of overspending?
Inability to pay essential bills
Which strategy helps avoid overspending?
Which strategy helps avoid overspending?
Create & use shopping lists