Investing
What does the term “risk” mean in relation to investing?
The chance that an investment may lose value or not make a profit.
Who was Eddie Mabo?
A Torres Strait Islander man from Mer Island, famous for overturning terra nullius in the high court.
What does the acronym WHS stand for in workplaces?
Workplace Health and Safety
Why is budgeting important in gaining independence?
To manage personal finances, paying bills, saving etc
What year was Mr Turner born?
1998
What is diversification and why is it important?
Spreading money across different investments to reduce risk.
How many chambers are there in the Australian Parliament?
2 - House of Representatives and The Senate
How many major industries are there?
5 - Primary, Secondary, Tertiary, Quaternary and Quinary.
What does the term credit mean?
Borrowing money now and repaying it later, usually with interest.
List one of Mr Turner's favourite historical figures.
Pemulwuy, Edde Mabo, Steve Biko, King Baldwin, Douglas Macarthur.
What is interest?
Money paid for saving or investing money, or charged for borrowing it.
What is one example of a legal responsibility all citizens must follow?
Obeying the law, paying taxes, or serving on a jury if called.
What is the difference between full-time and casual employment?
Full-time has guaranteed hours and leave entitlements; casual work does not and is usually paid a higher hourly rate.
Finish this quote: "Gather ye rosebuds..."
"...while ye may."
Which hospital was Mr Turner born in?
Belmont
What is the name of Australia’s main stock exchange?
The Australian Securities Exchange (ASX).
Which court in Australia hears the most serious criminal cases and interprets the Constitution?
The High Court
How might automation and technology impact future jobs?
Some jobs may disappear, new jobs may be created, and workers may need new skills.
Identify one fixed expense and one variable expense.
Fixed: rent; Variable: entertainment or food.
Mr Turner has how many cats?
2 - Minerva and Albus
Why are term deposits usually considered lower-risk than shares?
Because they have guaranteed interest rates and are not affected by market fluctuations.
What does the term law reform mean?
Changing or improving laws to meet the needs of society.
Which government organisation helps protect workers from being underpaid or treated unfairly?
The Fair Work Ombudsman.
Provide an example of a risk-taking behaviour that may impact independence.
Reckless spending, criminal activity, poor investments, etc
What is Mr Turner's favourite flavour of ice cream?
Mint Choc Chip