Income is money received from investments while it is owned.
What is income?
100
1. The Local Court
2. The District Court
3. The supreme Court
4. The Federal Court
5. The High Court.
Name the 5 different levels of court.
100
1. Shares
2. Property
Name two ways to invest.
100
1. air
2. sea
3. rail
4. road
Name four means of travel.
100
durable good and non durable goods.
Name two main types of goods.
200
A capital gain is made on an investment when it is sold for more money than it cost to buy.
What is capital gain?
200
1. To keep people in order
2. Fairness
3. Set Boundaries
4. Equality
5. Protection against people and property
6. Ensure peoples behaviours reflects what society deems appropriate.
Name 3 reasons for laws.
200
1. To grow wealth
2. To counter inflation
3. To save for a big purchase
4. Provide for retirement
5. For income
6. Financial security
Three reasons why people invest
200
Flying.
Most expensive way of travelling?
200
Manufacturers use brand names and advertising to promote a particular image and add value to their products.
What is branding?
300
A capital loss occurs when an investment is sold for less money than it cost to buy.
What is capital loss?
300
Juries.
Civil and Criminal cases involve...?
300
When your money is pooled together with other investors and an investment manager buys and sells shares or other assets on your behalf.
What are managed funds?
300
2 minutes.
How long will it take me to fly from africa to sydney and then walk to china on an elephant.
300
They are purchased frequently and have a short lifespan.
What is a non durable good?
400
When the income gained from the investment is less than the repayments on the loan.
What is negative gearing?
400
$102.50 a day.
How much do jurors get paid on days 1-10 of trial?
400
inflation
Because of ______ it is better to invest your money or put it in the bank rather than keeping it "under your mattress"
400
a package tour
What is group travel also known as?
400
They have a long lifespan and do not need to be replaced regularly.
What is a durable good?
500
Negative gearing is often used as a way of reducing an investor’s taxable income while building up investments.
What is negative gearing often used for?
500
1. Crimes against persons
2. Crimes again property
3. White colar crime
4. Crimes against the state
5. Public order offences
6. Traffic offences.
What are the 6 main types of criminal activity?
500
Soup
What flavour chips does ashley like but Coreena hates that rhymes with orange?
500
Europe
Where is rail travel most common?
500
save or use credit.
what do people often use or do when purchasing a durable good?