Types of Expenditure (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
ShowHide
Practise the questions
12 questions from this quiz
How many main categories of expenditure must households consider when managing finances?
How many main categories of expenditure must households consider when managing finances?
Three
What is fixed expenditure?
What is fixed expenditure?
Regular payments that stay the same
Which is an example of fixed expenditure?
Which is an example of fixed expenditure?
Car insurance premiums
What makes fixed expenditure predictable?
What makes fixed expenditure predictable?
Amount stays consistent
What is irregular expenditure?
What is irregular expenditure?
Payments where amount & timing vary
Which is an example of irregular expenditure?
Which is an example of irregular expenditure?
Electricity bills
Why might an electricity bill be higher in winter?
Why might an electricity bill be higher in winter?
More heating usage
What is discretionary expenditure?
What is discretionary expenditure?
Optional spending on wants
Which is an example of discretionary expenditure?
Which is an example of discretionary expenditure?
Dining out at restaurants
Why are groceries irregular rather than discretionary expenditure?
Why are groceries irregular rather than discretionary expenditure?
Food is a necessity for survival
Which expenditure should be reduced first when money is tight?
Which expenditure should be reduced first when money is tight?
Discretionary expenditure
In the 50/30/20 rule, what does the 30% represent?
In the 50/30/20 rule, what does the 30% represent?
Wants (discretionary spending)