sam Flashcards
(61 cards)
what are the titles in a budget
- Title (months, year)
- Expected cash reciepts
- Total expected cash receipts
- Less expected cash payments
- Total expected cash payments
- Expected receipts over payments
- Bank balance at beggining of month
- Expected bank balance at end of month
what are the advantages of having a credit card?
- conveince
- building credit store
- help with future loans
what are disadvantergs of having a credit card?
- over spending
- impulse buying
- interest fees
what is a secure websit check
- make sure it has the lock, making it secure
- make sure it has an S after http
what is a credit rating?
a credit rating is the score you recieve after evulating your credit card hostry and your ability to pay back debt
what to be sure of when making a purchase online
- make sure its a secure website
- check for hidden costs
- buy from an australian company so your protected under the austrlian consumer law
what is the australian consumer law
that you have the same rights buying something online and in real life
defintion of unemployment
people who are willing and able to work who cannot find work whilst actively looking
who is in the labour force
employed and unemployed people
define employment
someone who works more than 1 hour per week and makes a profit
what is youth unemplyment rate
9.4
what are the limitions of the ABS survery
- hidden unemplyment - people who dont have a job after becoming disencouraged to find one
- underemployment - people who work part time and want to work full time
- misleading answers - people claiming to be unemployed to continue recieving benifts
- statistical problems - only 0.32 of the people are getting surveryed
who is not apart of the labour force
15 and up people who are looking for work or working
how is the unemployment rate calcuated
unemployed/labour force x 100/1
what is structuaral unemployment
occours when changes are made when goods and services are produced, like move contries or technology gets introduced
effects of unemployent on indivual
- lowered self esteem
-lowered income - family unhappieness
effects of unemplyment on society
- increased crime and vadndalsim
- non material standars fall
effecrts of unemplyment on government
- have to pay more unemplyment benfits
- less tax from income as there are less income earners
what is a tarrif
a tax placed on an good or service imported from another country
explain china and aus trading relationsup
aus and china used to have a string bilateral relationship, with high profits being made for both countries. however it went sour and china imposed tariffs on aus items such an wine and wood that was bad for autrlia.
what is a summary offense
a less serious criminal offense such as driving fines, drunk and disordly behaviour such as public nudity ewwww
what is WTO
the wolr dtrade organsition moniters trade and makes sure its beneficial for all
what is criminal law
criminal law is concerned with cases that affect the whole community
what is an idciatble offense
a serious crimal case such as murder or RAAPPE
