General Knowledge
Business
Ms Corcoran's Choice
Business
General Knowledge
200

What planet is known as the Red Planet?

Mars

200

Name two rights a consumer has under the Sale of Goods and Supply of Services Act 1980.

The right to receive goods that are of merchantable quality. 

The right to receive services performed with care and skill.

200

What is the name given to a female sheep?

Ewe

200

1st Yr Q - What is Impulse buying? 

2nd Yr Q - What are the 4 P's of the Marketing Mix 

1st Yr Answer - Impulse buying is unplanned 'spur of the moment' spending, especially on non-essential items.

2nd Yr Answer - Product, Place, Price, Promotion 

200

Which Premier League club plays their home matches at Anfield?

Liverpool

400

How many players are on a hurling team on the pitch at one time?

15

400

What are the 3 forms of redress? 

Refund

Replace

Repair 

400

What machine is used to harvest crops like wheat or barley?

A combine harvester

400

Give one example of household income and one example of household expenditure 

Income - Salary, wages, child benefit

Expenditure - Rent, groceries, electricity bill 

400

What type of blood cells help the body fight infection?

White blood cells

600

What force keeps planets in orbit around the sun?

Gravity

600

Explain one way the office of the ombudsman helps consumers

Investigates complaints about oublic services

Recommend solutions 

Negotiate compensation for consumers who have been treated unfairly.

600

Miss Corcoran is going on an adventure! 

I'm moving to a country famous for kangaroos, the Great Barrier Reef, and the Sydney Opera House. 

Where am I going?

Australia! 

600

1st yr - Can you distinguish between piece rate and commission

2nd yr - What is the formula for the balance of trade? 

1st yr - 

Piece rate: Calculation based on the number of items completed.

Commission: Some workers, receive a payment based on the value of the goods or services they have sold.

2nd yr - Visible exports - visible imports 

600

What gas makes up most of the Earth’s atmosphere?

Nitrogen

800

What is the name of the closest star to Earth?


The sun

800

Evaluate the impact of globalisation on small Irish businesses, providing two opportunities and two challanges. 

Opportunities: 

Access to new markets, increased potential sales, exposure to international trends. 

Challenges: 

Increased competition, Pressure to reduce costs, risk of losing local identity. 

800

What Coldplay song includes the lyric “Nobody said it was easy”?

The Scientist 

800

1st year Question - 

Distinguish between capital and current expenditure give examples of both

2nd Yr Question - 

Assess how a business entering an international market may need to adapt its marketing mix.

Refer to at least two elements of the marketing mix in your answer.

1st year Answer - 

Capital: Capital expenditure is once-off or long-term spending, e.g. buying a new car or furniture. 

Current: Current expenditure is repeated or ongoing short-term spending, e.g. groceries, rent, fuel costs.

2nd year Answer- 

When entering an international market, a business must adapt its marketing mix to suit different consumer needs and cultures.

Product may need to be adapted due to local tastes, laws, or language, such as changing packaging or ingredients.

Price may need adjustment because of exchange rates, taxes, or local income levels.

Promotion must consider cultural differences to avoid offence and to ensure advertising is effective.

Adapting the marketing mix increases the chance of success in international markets.

800

In what year did the Premier League begin?

1992

1000

What is the name of the largest moon of Saturn?

Titan 

1000

A customer receives a service that was not performed as agreed. Critically assess the steps they could take to get redress. 

Step 1: Contact the service provider to request repair, replacement, or refund.

Step 2: If unresolved, contact the Competition and Consumer Protection Commission (CCPC). (must be correct name) 

Step 3: Take the case to small claims court if necessary.

1000

How many All-Ireland Senior Hurling Championships has Tipperary won? 

28

1000

Evaluate the impact of globalisation on consumers in Ireland. 

Refer to both positive and negative effects in your answer.

One positive effect is greater choice and availability of goods, as consumers can buy products from all over the world, often at lower prices. Globalisation has also increased competition, which can improve quality. 

However, a negative effect is the loss of local businesses, as small Irish firms struggle to compete with multinational companies. There are also concerns about ethical issues, such as poor working conditions abroad.

1000

How many All-Ireland Senior Football Championships has Dublin won in total?

31