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JCD Moral Education Year 10 TOPIC 2 ASSESSMENT (y10ME05-09) Flashcards | StudBud
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JCD Moral Education Year 10 TOPIC 2 ASSESSMENT (y10ME05-09)
JCD Moral Education Year 10 TOPIC 2 ASSESSMENT (y10ME05-09)
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JCD Moral Education Year 10 TOPIC 2 ASSESSMENT (y10ME05-09) (IC17 : Financial Awareness)
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
(y10ME05)
A budget is...?
...how much money you owe.
...how much money is in your bank account.
...an estimate of income and expenditure for a set period of time.
...the net value of all of everything you owe and everything you own.
2
(y10ME06)
An entrepreneur is...?
...someone who closes businesses down.
... a person who invests money in the creation of a business.
...a person who works for a company or business.
...someone who works for the government.
3
(y10ME07)
What were the two main causes of the financial crisis?
Need and Want
Profit Maximisation and Debt
Greed and Corruption
Wealth and Income
4
(y10ME09)
The goal of a budget is...?
To break-even
To have expenses lower than income
To have expenses higher than income
To show the profits of a business
5
(y10ME08)
What is the name of the philanthopist who owns Virgin airlines?
Simon Cowell
Donald Trump
Wayne Rooney
Richard Branson
6
(y10ME06)
Elon Musk founded...
Google
Snapchat
facebook
Paypal
7
(y10ME06)
An entrepreneur must have the following characteristic...
...to have lots of money.
... to avoid risk.
... to be relaxed.
...to be a risk taker.
8
(y10ME05)
Which of these is a type of interest:
Net pay
Insurance
Tax
AER
9
(y10ME08)
What did Warren Buffett create?
The Giving Pledge
A market of charities
Accountability for people who don't pay taxes
A charity for Bill Clinton
10
(y10ME09)
Which of the following is
not
an app to help with money management?
Microtrip
You need a budget
Mint
Wally
11
(y10ME09)
Which of the these is not a benefit of contracts?
It requires an expert to create which can be expensive
It reduces risk for the business
It enables them to provide proof of purchase
It shows employees what their rights and responsibilities are
12
(y10ME05)
Which of these is
not
a measure which may be taken if you get into too much debt?
Declaring bankruptcy
Job Seekers Allowance
Bailiffs visiting you
House repossession
13
(y10ME07)
What is the difference between income (I) and wealth (W)?
W: how rich you are I: how much you earn
W: stock of assets held by a person, I: money received by a person
W: stock+income from assets I: everything you own
W: measure of a person's value which includes everything I: money from job
14
(y10ME07)
What does the Human Development Index measure?
Birth rates, Wealth per capita, Education
Life expectancy, Education and Income per Capita
Birth rates, Death rates, Education
Wealth per capita; medical care, number of people attending Tertiary educti
15
(y10ME08)
What is Philanthropy?
Money saving scheme for businesses
The desire to create the welfare of others.
Capitalism
Saving people from debt
