Comsumer Choice
Personal Finance
Running a Small Business
Law & Society
our economy
Political Involvement
100
Contacting by phone, internet or in person multiple sellers to obtain the best deal.
What is comparison shopping
100
The amount of money a person has left after their income tax is deducted.
What is net income
100
someone who starts, operates and assumes the risk of a business venture in the hope of making a profit.
What is an entrepreneur.
100

A lack of government and rules. 

What is anarchy?

100

the general rise in prices, causing money to lose its value.

What is inflation?

100

The current sitting federal government.

What is the liberal party?

200
These stores are of a plain design and offer basic customer service. Their products are normally cheaper than department stores.
What is a discount variety store.
200
People such as real estate agents and sales assistants can earn this type of income.
What is commission
200
something an entrepreneur can see as an avenue to success
What is a 'business opportunity'.
200

an application for a legal decision to be reviewed or overturned

What is an appeal?

200

the amount of money a country has borrowed from an overseas source.

What is foreign debt?

200

Where bills are introduced and members are elected to 151 seats

What is the house of representatives?

300
The three features of a contract.
What is an offer, acceptance and consideration
300
Banks and finance companies
What is lending institutions
300
The four types of skills successfull business people should posess.
What are financial skills, marketing skills, operating skills, personal characteristics.
300

the standard of proof required in a trial

What is reasonable doubt?

300

When the amount of imports is higher than exports

What is a trade deficit?

300

When voters vote for candidates in preferred order

What is preferential voting?

400
Name the three legal rights of consumers.
What is: - safe products, - accurate product information, - full disclosure of the terms of sale - and warranties.
400
The two types of home insurance.
What is home and contents insurance AND buidling insurance
400
Legal structures of businesses
What is sole trader, partnership, private company, public company
400

the party in a trial against whom action has been bought

What is a defendant?

400

a relatively mild contraction in the level of economic activity resulting in reduced spending, rising unemployment and a slow rate of economic growth

What is a recession?

400

A type of democracy where elected officials represent a gorup of people. 

What is a representative demoncracy?

500
Name all types of payment choices.
What is cash, credit, direct debit, cheque, lay - by, electronic funds, and book up
500
Three reasons why people invest their money
What is major purchases, extra income, retirement, holidays, health expenses, career change.
500
this statement measures how successful a business is at trading
What is a revenue statement
500

a previous law decision that serves as a rule for future decisions

What is a precedent?

500

When the economy is managed by the reserve bank of Australia.

What is monetary policy?

500

The quota of votes a state senator must recieve to be elected to the senate.

What is 14.3?

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