8731816
Descripción
Test por Lauren Mcguane, actualizado hace más de 1 año
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Creado por Lauren Mcguane
hace más de 7 años
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Pregunta 1
Pregunta
What is an opportunity cost?
Respuesta
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making a decision/choice based on limited/scarce resources.
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Buying on the spur of the moment.
Pregunta 2
Pregunta
What is Impulse buying?
Respuesta
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Buying on the spur of the moment
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Buying something because it is cheap even when you don’t need it.
Pregunta 3
Pregunta
What is false economy?
Respuesta
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Buying something because it is cheap even when you don’t need it.
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buying on the spur of the moment
Pregunta 4
Pregunta
What is fixed expenditure?
Respuesta
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Is money that is spent at the same time each week, month, year.
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Money spent at different times which varies.
Pregunta 5
Pregunta
what is Irregular expenditure?
Respuesta
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The amount paid out varies and is paid at different times.
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money you spend on things you can live without
Pregunta 6
Pregunta
What is prioritising? (budgeting)
Respuesta
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Is money you spend on things you can live without (luxuries)
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If you have a limited income you must plan to spend.
Pregunta 7
Pregunta
What do you do if you have a deficit budget?
Respuesta
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dont pay bills
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reduce discretionary expenditure
Pregunta 8
Pregunta
What is current expenditure? (Revenue expenditure)
Respuesta
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spending on durable items.
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spending on day to day items
Pregunta 9
Pregunta
What is capital expenditure?
Respuesta
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spending on day to day items
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Is spending on durable items.
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