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Junior Cert Business Studies

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Term
Definition
Budget Surplus   show
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show This happens when the planned expenditure for the month is greater than the planned income for that month.  
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show Difference between total planned income and total planned expenditure each month.  
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show This is the amount of money a family plans to have at the start of a month.  
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Closing Cash   show
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Current Expenditure   show
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Capital Expenditure   show
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show This is spending on the goods and services we use.  
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Financial Cost   show
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False Economy   show
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show Unplanned spending.  
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show This is the transaction of an item you must do without in order to buy another item.  
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show This is spending on goods and services on a regular basis, e.g. Once a week, once a month or once a year, where the amount spent is fixed and does not change with usage.  
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show This is spending on goods or services where the amount spent and/or the timing of the spending varies with usage.  
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show This is spending on items you would like to buy but do not need for day to day living.  
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Consumer Durable Goods   show
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