What is ?
This is the amount of money left after all deductions are taken from gross pay.
What is net pay?
Name two skills a successful entrepreneur should have.
leadership, communication, creativity, decision-making, or problem-solving.
“Because You’re Worth It” belongs to which brand?
L'Oréal.
Give one impact of inflation on consumers.
Rising prices reduce purchasing power.
This government department is responsible for collecting taxes in Ireland.
What is Revenue?
This financial document shows a summary of money going into and out of a bank account.
What is a bank statement?
Name two ways consumers can save money.
budgeting, comparing prices, using discounts, or saving accounts, cut make on discretionary expenditure
I am sent by a seller to request payment from a customer. What am I?
Invoice
A product costs €80 plus 23% VAT. What is the total price?
€98.40.
This economic problem occurs when prices rise over time.
What is inflation?
This term describes buying and using product/service now and paying later.
What is credit?
What is an entrepreneur?
A person who starts and runs a business, taking personal and financial risks.
I help people plan spending and savings. I stop money disappearing too fast. What am I?
A Budget
What is the difference between gross pay and net pay?
Gross pay is earnings before deductions, while net pay is the amount received after deductions.
This term describes people who are willing and able to work but cannot find jobs.
What is unemployment?
This is the extra money paid on top of borrowed money.
What is interest?
What are the 4 Ps of marketing?
Product, Price, Place, and Promotion
“The Happiest Place on Earth” refers to which company or attraction?
Disney
What is inflation?
A rise in the general level of prices over time.
This is the total value of goods and services produced in a country.
What is GDP?
This type of business ownership involves 2 to 20 more people sharing responsibility.
What is a partnership?
What is impulse buying?
Unplanned spending
I involve buying goods online using websites or apps. What am I?
E-commerce.
Name one way the government collects money.
Through taxes such as income tax, VAT, or corporation tax.
This term describes buying and selling goods between countries.
What is international trade?