Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
buisness studies
1st year xmas exams
| Term | Definition |
|---|---|
| income | this is money that come into a family or a business E.G wages, pension. |
| regular income | this is income tat comes in every month or week e.g wages, unemployment benefit |
| irregular income | this is income that comes in once or now and again |
| overtime | this is when your work over your normal working hours and u get extra money or it |
| benefit in kind | this is an income that u get that is not in form of money E.G company car, free room in hotel |
| expenditure | this is money being spent E.G groceries, clothes |
| fixed expenditure | this is paying the same amount of money on the same date E.G mortgage, bills |
| discretionary expenditure | this is spending money on things that you don't need E.G holiday, new car |
| opportunity cost | this is when you want to buy two things and you only have enough money fir one and the one you don't buy is the opportunity cost |
| current expenditure | this is money we spend regularly every week or every month E.G esb bill, groceries |
| capital expenditure | this money we spend now and again or a once off E.G new car, new house |
Created by:
marley12
Popular Business sets