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Question 1

What is budgeting and give examples?

Answer 1

Your budget is the amount of money that you have to spend. For example money for mortgage, food and electricity need to be paid before luxuries like clothes and outings can be bought.

Question 2

What is meant by a mortgage?

Answer 2

A mortgage is an amount of money borrowed from a bank or building society used to buy a house. This is repaid over a long period of time usually 25 years. Payments are made monthly.

Question 3

What is rent?

Answer 3

Rent is paid to a landlord who owns the property. This can be paid weekly or monthly.

Question 4

List the advantages and disadvantages of cash.

Answer 4

Advantages: It is easier to budget because you can see how much you have so less likely to overspend.
Cash means you can buy things when the Internet is down or when there is no electricity.
Disadvantages: cash can be dropped by mistake or stolen quite easily.
Cash can be forged quite easily.

Question 5

List the advantages and disadvantages of cheque.

Answer 5

Advantages: if you pay by cheque you have a record and therefore proof of payment.
Cheques can be written to pay a particular person or company so they are less likely than cash to be stolen.
Disadvantages: someone can give someone a ‘bad’ cheque which means they don’t actually have the money to cover the cheque.

Question 6

List the advantages and disadvantages of debit cards.

Answer 6

Advantages:
Money comes straight out of your account so you aren’t borrowing money.
Safer to carry than large amounts of cash as you can cancel a debit card if you lose it.
Disadvantages
Harder to keep track of how much money you have left in your account.
You can’t borrow any money on a debit card.

Question 7

List the advantages and disadvantages of chip and pin.

Answer 7

Advantages: Chips are small put can hold a lot of data.
Information held on a chip is harder to clone than information held on a magnetic strip.
Disadvantages: people can forget their pin and then not access their money.
People who find out your pin can steal the card and use it themselves.

Question 8

What is debt?

Answer 8

Debt is when you owe someone something - usually money.

Question 9

What are the pros and cons of animal testing?

Answer 9

Pros: Animal testing has resulted in many life-saving cures and treatments.
Animals benefit from some animal testing that results in vaccines for animals.
Cons: animal testing is considered cruel and I humane by many people.
Animals are very different to humans and therefore what is safe to an animal does not guarantee it is safe for a human.

Question 10

What is recycling?

Answer 10

Recycling is processing used materials into new useful products.

Question 11

What causes pollution?

Answer 11

Pollution occurs when something contaminates the natural environment and changes the state of the environment. Examples of pollution include water, air, soil and noise.

Question 12

What are food miles?

Answer 12

Food miles are how far the food travels to get from where it is grown to the shops where it is sold.

Question 13

What is the difference between needs and wants?

Answer 13

Needs are what you need to stay alive for example, fresh air, food and somewhere to live.
Wants are what you would like to have but don’t need to survive, for example toys, luxury food items, large houses.

Question 14

Write a discussion on the role of fair trade.

Answer 14

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Question 15

List the roles of environmental health officers.

Answer 15

The Environmental Health Officer makes sure that people’s living and working environment is safe, healthy and hygienic.

Question 16

Why is shopping online popular?

Answer 16

It saves time and the cost of driving to a shop.
It is convenient - you can see what many shops have to offer without leaving home.
Your purchases are delivered to your home.

Question 17

How does religion affect food choice?

Answer 17

Some religions do not allow certain food to be eaten by their followers e.g. Muslims and Jews are not to eat pork.

Question 18

Give 3 religions and foods they can / cannot eat.

Answer 18

Muslims - pork
Hindus - Beef
Jews - pork and hare

Question 19

What is meant by impulse buying?

Answer 19

Buying something that you didn’t plan to buy and didn’t give much thought.

Question 20

What a consumer?

Answer 20

A consumer is a person who buys goods or services for their own use.

Question 21

What is organic food?

Answer 21

Food that is grown without chemicals.

Question 22

Write down 5 household expenses?

Answer 22

Fuel
Broadband
House maintenance
Food
Mortgage

Question 23

What is the difference between income and expenditure and give examples.

Answer 23

Income is the money that you receive such as your pay from your job or rent from a house that you lease out.
Expenditure is money that you give out for things that you need such as food or things that you want such as movie tickets.

Question 24

What factors influence what we buy?

Answer 24

Cultural factors: what we value based on how friends and family influence us.
Religious factors: products that are desirable or undesirable in a religion.
Social facors: what we can afford to buy and what we see as valuable.
Age: different age groups often value different items.
How susceptible we are to advertising.

Question 25

What is a consumer legislation?

Answer 25

Consumer legislation are the laws that help to protect consumers.

Question 26

What is the Sale and Supply of Goods Act?

Answer 26

This act says that all products have to be of a ‘satisfactory quality’?

Question 27

I buy straighteners and they don’t work? Which Act protects the consumer?

Answer 27

The sales and supply of goods act 1994

Question 28

List 4 ways to be environmentally friendly?

Answer 28

Switch off lights in rooms that are not being used.
Keep the heating down as low as possible and wear jumpers.
Recycle as much as possible.
Buy food that has as little packaging as possible and uses recycled packaging where possible.