Employment
The Labour force is between the ages of
16 - 65
An impact of high inflation on an individual
Purchasing power - cant buy as many goods
Less savings - spend more to buy the same amount
Impact of low interest rates on an individual
Loans are cheaper
increased borrowing more debt in the household
What six-letter hairstyle is popularly associated with the semi-ironic phrase "business in front, party in the back"?
Mullet
Is a bodhran a drum or a fiddle?
Drum
What is unemployment?
Unemployment is defined as the people who are not in work, but who are available for and actively seeking work.
Formula for inflation
YR 2 -YR 1 / Yr 1 x 100 = %
What Does APR stand for ?
Annual Percentage rate
If you want to get a sense of your business’s fiscal health, a profit and ______ (P&L) statement can show you how much money you’re bringing in, how much is going out, and where all that money’s going.
Loss
Canada Goose avoided 2021's supply chain issues by exporting all their goods from what very guessable country that manufactures them?
Answer: Canada
Define Full time Employment
Full employment is where you have jobs for all those willing to work with existing wages.
Define inflation
An increase in levels of prices of goods and services from year to year.
Impact of high unemployment on a business
Investors will not invest
Decreased profits
Brain drain
In the common business or science abbreviation "R&D," what does the letter R & D stand for?
Research and development
What is the last name of the business tycoon behind the "No. 5" perfume?
Answer: Chanel
People that are self-employed are included under employment rates
True
True
Impact of Low unemployment
•Individuals have more income
•High levels of employment
•Decrease in expenditure for the government
•Increase in government income for services.
The 2002 Eminem song "Business" is about Eminem's successful partnership with what rapper who went on to found headphones speakers & other Electronics?
Answer: Dr. Dre
Starring Michael Keaton as titular business mogul Ray Kroc, the 2016 film "The Founder" portrays the origin story of what golden-arches fast-food chain?
Mc Donalds
The Live register is used to count what Be specific
Count all those under 65 who are in receipt of Jobseekers Benefit
Name 2 impacts of low inflation
More disposable income
More savings
Competitive advantage - Exports are cheaper
Where will pensions be effected impact of low ___________ __________ and why
interest rates
Brain drain
When the educated people within a country leave to pursue better standard of living
Between 1849 and 1920, which port in County Cork was known as Queenstown?
Cobh