Miscellaneous
What is money?
Any object that has value
Why do people save money? Give two examples.
To buy a house or car
To go on holiday
To pay for a course
Instead of using cash or notes, you can use what two cards?
A debit card and credit card
What is a budget?
It is the amount of money we have to spend.
Why do companies provide products and services?
To make money
Name three countries that use the euro.
Spain
Germany
France
Italy
Portugal
Austria
What kind of account do people use to save money?
A savings account
An example of a high order product (things we don't buy regularly) is...
Car
Fridge
Houses
Fridge
Electrical Products
This budget is used for families. It is used to buy things such as food and clothes.
Name this budget.
Household Budget
A cooperative is one type of company, can you name two more?
A corporation, a paternership, a sole trader
What do we use money to do?
To buy and sell products
Where can you save money that is NOT in a bank?
A money box or Piggy "Bank"
Three examples of Low Order Products (things we buy regularly) are...
Food
Drinks
Medicine
Personal Hygiene Products
Many companies use this budget to plan how much they will spend on raw materials, products, and salaries to pay their workers.
Name this budget.
Business Budget
What does an organisational chart show?
It shows who works for the company and what their responsibilities are.
What did we use before money? Give three examples.
Animals
Sacks of Grain
Shells or Beads
What is interest?
It is a small quantity of money calculated by taking a percentage of the money saved.
Where are three places we spend money?
Town Centres
Shopping Centres
The Internet
Peter receives 50 euro a month as pocket money. He spends 10 euro on sweets and 8 euro at the cinema a month. How much money will he have saved in 5 months?
160 euro
What is the name of a very big corporation that operates in many countries?
A multinational
What country were banknotes invented about 1300 years ago?
China
What two things can you buy as an investment?
Shares or Bonds
What are two ways we can save money when we're shopping?
Using coupons or buying it on sale.
**Buy low order products in large quantities.**
List the four steps it takes to make a budget.
1. Make a list of the products you need
2. Calculate the total amount of money you can spend
3. Make a shopping plan (compare products and prices)
4. Go shopping and buy the products you need
Name five different positions in a company.
Company director
Marketing Manager
Marketing Assistants
Salespeople
Productions Manager
Finance Manager
Finance Assistants
Human Resources Manager
Secretaries
Factory Workers