New Junior Cert Business: Second Year

What is the compound interest figure in Year 2?

Which word has been removed from the following to highlight additional income for Mo Salah?

You must benefit from its existance and suffer from its loss to insure it

Mark Zuckerberg was a famous entrepreneur and investor in which business?

Taking a risk and putting your money into shares or the stock market

You cannot make a profit from insurance

Which of the following are short term sources of finance?

Standard pay for hours work is universally known as...

Which ARE types of Car Insurance?

The difference between current assets and current liabilities is known as..

The person who calculates insurance premiums is the..

Deposit Interest Retention Tax is a tax on..

Which source of finance would the following asset need?

Calculated each year only on the part of the loan outstanding (What’s left over).

Pay for each unit produced is known as..

You must tell the truth when applying for insurance

When something is under insured we use.. (sum insured/true value x loss)

Gross Pay... Deductions = Net Pay

Legally reduce the amount of tax you have to pay

Which of the following is NOT a source of medium term finance?

What is Month 2's Opening Cash?

Interest Calculated on original investment plus any interest earned up to date

Identify the loading for health insurance quote

What is the total net book value if depreciation on both land and buildings is 10%?

What is month 2's Closing Cash

All salvage rights pass to the insurance company

You must have the banks permission for an overdraft?

If an everyday product becomes more expensive, what affect will it have on demand?

Whch of the following is a tax on spending?

Which of the following are statutory taxes on income?

The price you pay for insurance is known as a...

Protection against something that might happen

Spending on day-day items like staff wages is..

The Final Figure in the Balance Sheet is known as..

The economic term for the amount of benefit you get from using a good or service is known as..

What is the interest charged in the following APR Question?

Profits paid out to investors are known as..

A Grant is given to businesses by the government and DOES NOT have to be paid back?

As price increases, quantity wanted decreases is the law of...

Spending more money than is in your account but up to an agreed limit is known as a...