2 Truths 1 Lie
Abbreviations
Business related news
JC Theory
Irish Businesses
100

(1) Employees are internal stakeholders. (2) Customers are external stakeholders. (3) Competitors are internal stakeholders.

(3) Competitors are internal stakeholders.

100

VAT 

Value added tax

100

Exploratory talks are being help on Wednesday 27th August at the WRC in a bid to avert planned strike action by who?

School secretaries and caretakers

100

What is a consumer?

A person who buys goods and services for their own use.

100

This Irish multinational company has its headquarters in Dublin and is famous for making smartphones and laptops.

Apple

200

(1) Entrepreneurs can start businesses as sole traders, partnerships, or companies. (2) Entrepreneurs are guaranteed to make a profit. (3) Entrepreneurs take calculated risks to group their business.

(2) Entrepreneurs are guaranteed to make a profit.

200

DIRT

Deposit Interest Retention Tax

200

What event held in Dublin on Sunday the 23rd August is estimated to have generated 130 million for the Irish economy with 24,000 people expected to travel.

The Aer Lingus College Football Classic (American Football Game)

200

What is an entrepreneur?

A person who spots a gap in the market, uses their initiative, takes a risk and sets up their own business (eg) Elon Musk

200

This company is known for its strict cost-cutting and "no frills" service.

Ryanair

300

(1) ASTI is an example of a trade union in Ireland. (2) Interest groups never lobby for changes in law or regulation. (3) Trade Unions can negotiate pay and working conditions.

Interest groups never lobby for changes in law or regulation.

300

CEO

Chief Executive Offices

300

New figures from the Central Statistics Office show a jump of what percentage in the number of electric cars licensed for the first time in July compared to the same time last year.

64%

300

What are the 4 P's of Marketing?

Product, price, place, promotion

300

Which Irish coffee shop chain, founded in Galway in 1996, is often seen as Starbucks' biggest rival in Ireland?

Insomnia

400

(1) Product, price, place and promotion are the 4P's of the marketing mix. (2) Introduction, growth, maturity and decline and the 4 stages of the product life cycle. (3) Dependent, Independent, growth, stability and retirement are the 5 stages of the financial lifecycle.

(3) Dependent, Independent, growth, stability and retirement are the 5 stages of the financial lifecycle. (Maturity not stability)

400

CCPC

Competition and Consumer Protection Commission

400

What large Irish founded business launched an app recently to allow customers browse their latest trends and check stock in their local stores.

Pennys

400

What is an insurance premium?

The price you pay for insurance.

400

What Irish convenience store chain has the slogan "Live every day"?

Centra

500

(1) Local Enterprise Offices provide support to small businesses and start-up in Ireland. (2) Enterprise Ireland helps Irish companies export and grow internationally. (3) IDA Ireland mainly provides funding to sole traders for local shops.

(3) IDA Ireland mainly provides funding to sole traders for local shops - Attracts FDI

500

ICTU

Irish Congress of Trade Unions

500

Irish based co-producers of which Netflix hit got corporation tax credits of up to 60 million?

Wednesday

500

What is interest?

The financial cost of borrowing or the reward for saving with a particular financial institution.

500

What is the name of the Irish software company, founded by brothers from Limerick, that processes billions of dollars of online payments globally.

Stripe

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