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Year 9 Economics Flashcards | StudBud
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Year 9 Economics
Year 9 Economics
30 terms
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#economics
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
What is NOT an example of professional Alliances?
Joint business ventures
Using joint resources with another business
Competing against your alliances
Professional referrals for shares business
2
What are dividends?
Methods used by businesses to gain profit
A way of getting a Competitive Advantage
Units of profit given to business managers
Money paid regularly by a company to its shareholders
3
The increase in price of limes would effect the demand for lemons?
TRUE
FLASE
4
What does ROI stand for?
Receive Only Investment
Received Opportunity Invest
Returning on Interest
Return On Investment
5
What is a Term Deposit?
A period of time that you give your money away for free
A short term account where money is invested
A bank who gives interest on all your savings monies
Account you put your money for a period of time for interest
6
What does vehicle insurance cover you for?
Covers medical costs for injury during car accident
Whiplash and airbag damage
Theft or damage to vehicle, provides medical for injury
Only vehicle theft
7
What is the biggest risk for buying Shares?
No guarantee of secure money
Expensive to buy
Fluctuation of stock prices
Unaware of how many shares are being purchased at once
8
What type of Investment gives you a set return interest rate?
Term Deposit
Managed Fund
9
What does the ASX stand for?
Australian Securities Exchange
Australian Stock Exchange
Australian Students Exchange
Aussie X Change
10
What is Superannuation?
A government scheme that gives you $ when you can not work
A gross wage for the elderly
A compulsory saving scheme that can be accessed when older
Old people's piggy banks
11
What is NOT one of the services a bank provides?
Investment Accounts
Offering credit cards
Providing Superannuation
Business Loans
12
What does Home Insurance NOT cover you for?
Natural Disaster
Theft
Smoke Alarm Damage
Fire Damage
13
What is Differentiation?
Something that sets a business apart from it's competitors
Seeking strategic alliances with other businesses
Something that is the same as other businesses but better
Having a different business name to other similar companies
14
What are the fees called associated with withdrawing money from a term deposit early?
Withdraw fees
Banking Fees
Penalty Fees
Bad customer fees
15
What is the role of the Trade Union in a workplace?
To ensure a business is being run according to the law
To negotiate agreements between employers and employees
To support the employers when firing staff members
To support workers when they make mistakes in the workplace
16
What is the name of the intersection point between Supply and Demand?
Equilitrillion
Equilibrium
Equal meeting point
Intersection of equal
17
Who managers a Managed Fund?
Professional Manager of the Bank
Professional Bar Lady
Professional Fund Manager
Professional Financial Fund
18
What is financial risk?
Not knowing who to trust in the business world
Risky decision making
Money that is not invested correctly
Any risk from giving money to another person or entity
19
What is the major contribution to the changing role of employees?
Smaller families
Technology
Access to travel
Trouble finding a job
20
What is a Competitive Advantage?
Advantage over competitors gained by offering better value
Giving lower prices to customers to win their favour
Competition with neighbours to see who will make more profit
Arguing with another business for more customers
21
What online scams should you avoid to manage financial risk?
Do not click on unfamiliar links
Do not open a savings account with a bank
Do not visit your bank online
Do not use an ATM card at a different ATM
22
What is Cost Leadership?
Lower prices for items that used to be more expensive
Offer the same quality products, but at a lower price
Leaders in costing common items first
Provide lower priced AND quality items
23
What is Financial Reward?
Percentage of gain that your investment experiences
The return that the risk provides
What you win at the end of a fixed term deposit
The opportunities that your investment has
24
What are the laws called that protect consumer rights?
Laws for Purchases
Consumer Consumption
Consumption Laws
Consumer Laws
25
What is NOT one way of managing financial risk?
Insurance
Superannuation
Savings
Investment
26
Who is NOT a participant in the workplace?
Employers
Trade Unions
Government
Legal Officials
27
What is NOT a type of insurance?
Vehicle Insurance
Land Insurance
Business Insurance
Landlord Insurance
28
Why would someone put their money into a Term Deposit Account?
Need profits quickly
Low-risk
High-risk
Know that their money is safe there
29
What is the slogan used for spreading your investment money in different places?
Don't invest your money all in one basket
Don’t put all your eggs in one basket
Don't spread your eggs around
Don't put your eggs into money
30
What is an investment?
The investment of money
The time period where interest is given in return
The allocation of money to gain profitable returns
Banks who offer a good return of money to hold your money
