8731816
Descrição
Quiz por Lauren Mcguane, atualizado more than 1 year ago
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Criado por Lauren Mcguane
aproximadamente 7 anos atrás
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Questão 1
Questão
What is an opportunity cost?
Responda
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making a decision/choice based on limited/scarce resources.
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Buying on the spur of the moment.
Questão 2
Questão
What is Impulse buying?
Responda
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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.
Questão 3
Questão
What is false economy?
Responda
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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
Questão 4
Questão
What is fixed expenditure?
Responda
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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.
Questão 5
Questão
what is Irregular expenditure?
Responda
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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
Questão 6
Questão
What is prioritising? (budgeting)
Responda
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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.
Questão 7
Questão
What do you do if you have a deficit budget?
Responda
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dont pay bills
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reduce discretionary expenditure
Questão 8
Questão
What is current expenditure? (Revenue expenditure)
Responda
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spending on durable items.
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spending on day to day items
Questão 9
Questão
What is capital expenditure?
Responda
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spending on day to day items
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Is spending on durable items.
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