Income & Exp
What is income?
Any money coming into a household
What is a consumer?
Anyone who buys goods or servicess
What court do you go to for small amounts of claims?
Small claims court
What are fossil fuels?
Materials that are bad for the environment. eg oil
What is a global organisation?
Carry out activities in many different countries.
What is ependiture?
Any money spent by a household
What is a brand?
Badge or name on products to make them recognisable.
What is the max claim you can do in the small claims court?
2000
What does non-renewable mean?
There is a limited supply of them
Name a global organisation that has headquarters in Ireland?
Google amazon etc
What does BIK stand for?
Benefit in kind
Goods must be of good quality is a consumer right or responsibility?
How long is the cooling off period for online shopping?
14 days
What is fairtrade?
Mark that guarentees good quality and good working conditions for workers
Name a positive impact of globalisation for irish consumers.
Much greater choice, jobs, travel, cheaper to go abroad
What is one thing we can do to increase income?
borrow, overtime, rent a room. invest
What is a "guarentee"?
What does the ombudsman do?
Investigates complaints made by the public about government or financial institutions.
What does ethical consumption mean?
Buy products or services that reflect what we believe is right and honest. eg sustainable goods
Name a negative impact of globalisation on Irish consumers
Business close down, environmental damage
Any relevent. eg holiday
What is false economy?
Something seems cheaper but is more expensive in long term
What does the CCPC stand for?
Competition and consumer protection commission
What does EPA stand for?
Environmental protection agency
Name a positive impact for business of globalisation?
Increase production, more consumers to sell to, communication easier, immediate payment from international payment systems.