Recording Income and Expenditure (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
11 questions from this quiz
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Practise the questions
11 questions from this quiz
Why should you record your income and expenditure?
Why should you record your income and expenditure?
To make smart financial decisions
What is regular income?
What is regular income?
Money received consistently
Which is an example of irregular income?
Which is an example of irregular income?
Birthday money
What is fixed expenditure?
What is fixed expenditure?
Payment made regularly, amount fixed
Which is an example of fixed expenditure?
Which is an example of fixed expenditure?
Insurance premiums
What is irregular expenditure?
What is irregular expenditure?
Payment depending on usage
What is discretionary expenditure?
What is discretionary expenditure?
Payment for wants, not needs
Which is an example of discretionary expenditure?
Which is an example of discretionary expenditure?
Video games
What is opportunity cost?
What is opportunity cost?
Item you don't buy when choosing another
What is a false economy?
What is a false economy?
Purchase saving money now, costs more later
What is impulse buying?
What is impulse buying?
Spending without proper planning