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What is Compensation?
It is financial payment made to a person who suffered a loss
Explain the term work
any productive activity that requires effort
What does the word premium mean?
This is the amount of money we pay to get insurance
What does GAA stand for?
Gaelic Athletic Association
What does write off mean?
What is employment
Employment is work where you receive a wage or salary
What does flexitime mean?
You have set hours to work but you can start and finish at any time
Is a bodhran a drum or a fiddle?
Drum
What is the labour force?
This is everyone who is willing and able to work
Name 2 characteristics of an entrepreneur
realistic risk taker
innovative
proactive
flexible
self confident
decisive
determined
who wrote the famous play "Romeo and Juliet"?
William Shakespeare
What is an intrapreneur?
Someone who is enterprising in an existing business
What does enterprise mean?
Enterprise is the attempt to start or do something new eg setting up a new business
In which city is the Irish soap "Fair City" set?
Dublin
What is volunteering?
This is work or an activity without payment for your time and effort
What is an actuary?
This is someone who decides on the premium for a person
Which planet is known as the "Red Planet"?
Mars
What is job sharing?
This is where one job is split in 2, duties are split, pay and workload etc
Name 2 principles of Insurance
Utmost good faith
Indemnity
Contribution
subrogation
insurable interest
What is the capital city of Australia?
Canberra
Who painted the "Mona Lisa"?
Leonardo Da Vinci
Name 2 skills of an entrepreneur
Ability to identify opportunities
planning and goal setting
Time management
Ability to manage money
HR skillsManage risk
Which continent is the Sahara Desert located in?
Africa
What is Teleworking?
This is working from home with a phone and laptop etc
Which is the most famous title at the Tralee festival?
The Rose of Tralee