Management Flashcards
1
Q
MANAGEMENT
A
The skilful use of time, energy, and other resources.
2
Q
TYPES OF RESOURCES
A
Human: Time, energy and skill.
Economic: Money and property.
Environmental: Trees, water, air and light.
3
Q
WHAT IS A GOAL?
A
Something one wants to achieve.
4
Q
GROSS INCOME
A
Earned before deductions.
5
Q
NET INCOME
A
Take home pay.
6
Q
HOUSEHOLD FILING SYSTEM
A
Used for organising and storing important documents.
7
Q
CREDIT
A
Buy now pay later.
8
Q
TYPES OF CREDIT
A
Credit cards
Bank overdraft
Bank loan
Hire purchase
9
Q
BUDGET
A
A plan for spending money.
10
Q
SAVING OPTIONS
A
An Post
Credit unions
Banks
