8731816
Beschreibung
Quiz von Lauren Mcguane, aktualisiert more than 1 year ago
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Erstellt von Lauren Mcguane
vor etwa 7 Jahre
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Frage 1
Frage
What is an opportunity cost?
Antworten
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making a decision/choice based on limited/scarce resources.
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Buying on the spur of the moment.
Frage 2
Frage
What is Impulse buying?
Antworten
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Buying on the spur of the moment
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Buying something because it is cheap even when you don’t need it.
Frage 3
Frage
What is false economy?
Antworten
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Buying something because it is cheap even when you don’t need it.
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buying on the spur of the moment
Frage 4
Frage
What is fixed expenditure?
Antworten
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Is money that is spent at the same time each week, month, year.
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Money spent at different times which varies.
Frage 5
Frage
what is Irregular expenditure?
Antworten
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The amount paid out varies and is paid at different times.
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money you spend on things you can live without
Frage 6
Frage
What is prioritising? (budgeting)
Antworten
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Is money you spend on things you can live without (luxuries)
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If you have a limited income you must plan to spend.
Frage 7
Frage
What do you do if you have a deficit budget?
Antworten
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dont pay bills
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reduce discretionary expenditure
Frage 8
Frage
What is current expenditure? (Revenue expenditure)
Antworten
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spending on durable items.
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spending on day to day items
Frage 9
Frage
What is capital expenditure?
Antworten
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spending on day to day items
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Is spending on durable items.
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