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Junior Cert Business Studies

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Term
Definition
show This is when the planned income for the month is greater than the planned expenditure for that month.  
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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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Net Cash   show
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Opening Cash   show
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show This is the planned net cash plus planned opening cash.  
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show This is the ongoing spending on items that give benefits for a short period of time. Usually less than one year.  
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show This is spending on an item that will give benefit for a long period of time. Usually more than one year.  
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Expenditure   show
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show This is the amount of money paid for an item.  
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False Economy   show
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Impulse Buying   show
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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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Fixed Expenditure   show
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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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