Questions In The Test

Question 1

Explain one benefit of Ireland having low corporation tax

Answer 1

It attracts multinational companies because companies get to keep more profits so they can invest and expand there businesses which creates more jobs in the area and brings up the standard of living

Question 2

Outline one responsibility of consumers when shopping for insurance

Answer 2

They have to state all true details and provide accurate information

Question 3

Identify three types of insurance a family would use or need

Answer 3

Health insurance
Motor insurance
Travel insurance

Question 4

Name 2 benefits of volunteering

Answer 4

It allows u to meet new people and make new friends and Volunteers bring a range of new skills, expertise and ideas to the organisation.

Question 5

Factors to consider when opening a business

Answer 5

Businesses would need to create a business plan which will identify where there funding will come from what they plan to do with the business and the businesses competitors

Question 6

Outline the social economic and environmental impact on ponaire setting up in Newport

Answer 6

They will create more jobs for people in the area whuch will increase the standard of living. They could cause pollution. They could also sponsee and support local teams or events happening in the area