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Team 2
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eraser
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star
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shark
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thief
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5
10
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25
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monster
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seesaw
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gift
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baam
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20
×
What are the advantages and disadvantages of using a credit card?
(Student Answer)
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25
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Name some different ways we can pay for goods and services.
Example: Cash, credit cards, debit cards, cheques, gift cards...
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20
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If you were given 500 euros, what would you do with it?
Student Answer: I would...
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25
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Think about your school. Name one ongoing cost and one variable cost it must pay.
(Student Answer)
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15
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What shape is a company hierarchy?
It's a pyramid.
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25
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Would you prefer to own your own business or work for another company? Why
(Student Answer)
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25
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Income - Expenses = Profit. Explain this calculation in your own words.
(Student Answer)
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seesaw
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magnet
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gift
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baam
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20
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What is the difference between profit and loss?
If you earn more money than you spend, then you make a profit. If you spend more money than you make, then you make a loss.
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15
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Name some places where people spend money.
Example: Supermarket, sweet shop, transport
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15
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Can you name 5 different types of business organisation?
Example: Sole trader, partnership, family business, franchise, multinational company, worker cooperative...
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20
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What are the 3 categories of business costs?
Start-up costs, ongoing costs and variable costs
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15
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To spend less money, what words should you look for when you are shopping?
Example: Sale, Reductions, Promotion, Money Off, 2 for the price of 1
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15
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What type of business cost is the rent a business must pay for its shop?
It's an ongoing cost.
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