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sem 1 exam 2024 > sam > Flashcards

sam Flashcards

1
Q

what are the titles in a budget

A
  1. Title (months, year)
  2. Expected cash reciepts
  3. Total expected cash receipts
  4. Less expected cash payments
  5. Total expected cash payments
  6. Expected receipts over payments
  7. Bank balance at beggining of month
  8. Expected bank balance at end of month
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2
Q

what are the advantages of having a credit card?

A
  • conveince
  • building credit store
  • help with future loans
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3
Q

what are disadvantergs of having a credit card?

A
  • over spending
  • impulse buying
  • interest fees
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4
Q

what is a secure websit check

A
  • make sure it has the lock, making it secure
  • make sure it has an S after http
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4
Q

what is a credit rating?

A

a credit rating is the score you recieve after evulating your credit card hostry and your ability to pay back debt

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5
Q

what to be sure of when making a purchase online

A
  • make sure its a secure website
  • check for hidden costs
  • buy from an australian company so your protected under the austrlian consumer law
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6
Q

what is the australian consumer law

A

that you have the same rights buying something online and in real life

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7
Q

defintion of unemployment

A

people who are willing and able to work who cannot find work whilst actively looking

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8
Q

who is in the labour force

A

employed and unemployed people

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8
Q

define employment

A

someone who works more than 1 hour per week and makes a profit

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9
Q

what is youth unemplyment rate

A

9.4

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10
Q

what are the limitions of the ABS survery

A
  1. hidden unemplyment - people who dont have a job after becoming disencouraged to find one
  2. underemployment - people who work part time and want to work full time
  3. misleading answers - people claiming to be unemployed to continue recieving benifts
  4. statistical problems - only 0.32 of the people are getting surveryed
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10
Q

who is not apart of the labour force

A

15 and up people who are looking for work or working

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11
Q

how is the unemployment rate calcuated

A

unemployed/labour force x 100/1

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12
Q

what is structuaral unemployment

A

occours when changes are made when goods and services are produced, like move contries or technology gets introduced

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13
Q

effects of unemployent on indivual

A
  • lowered self esteem
    -lowered income
  • family unhappieness
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14
Q

effects of unemplyment on society

A
  • increased crime and vadndalsim
  • non material standars fall
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15
Q

effecrts of unemplyment on government

A
  • have to pay more unemplyment benfits
  • less tax from income as there are less income earners
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16
Q

what is a tarrif

A

a tax placed on an good or service imported from another country

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17
Q

explain china and aus trading relationsup

A

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.

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18
Q

what is a summary offense

A

a less serious criminal offense such as driving fines, drunk and disordly behaviour such as public nudity ewwww

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18
Q

what is WTO

A

the wolr dtrade organsition moniters trade and makes sure its beneficial for all

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19
Q

what is criminal law

A

criminal law is concerned with cases that affect the whole community

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20
Q

what is an idciatble offense

A

a serious crimal case such as murder or RAAPPE

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21
Q

what is the standard of proof in civil cases

A

On the balance of probability

21
Q

who does the defnedant have to be guilty in criminal case

A

giulty beyond reasonable doubt

22
Q

what is civil law

A

cases concering a dispute between private indivuals

23
Q

what is a closed court

A

a court that gets closed by the judge so they public cant see it

24
Q

couny court

A
  • presisded by judge
  • hears less serous indictable cases
  • hears criminal appeals
24
Q

what is role of jury in civil case

A

6 jurors IF REQUESED by either party, figure out if plaintiff gets compensation

25
Q

what is role of jury in criminal case

A

12 juruos to decide if guilty or not

26
Q

supreme court

A
  • presisded by judge
  • hears most indictable cases
  • hears both civil and criminal appeals from lower courts
27
Q

magistrates court

A
  • presised by a magistrate
  • never has jury
  • hears both civil and criminal
  • hears summary offenses
28
Q

what are the special magistates courts?

A

coroner and children courts

29
Q

what is the conreoners court

A

hears cases about sus and unexpected deaths, presided over by a corner that signs death certicates

29
Q

what is the 2 divions of childrens courts

A

family and criminal

29
Q

what is childrens court presisded by

A

magistrate

30
Q

what does family divion do

A

cases for children 0 - 17 years of age who are in need of care and protection

31
Q

what does the criminal divion do

A

where defendant is 10 - 18 years old when the crime was committed and under 19 when the trial occurs

32
Q

what is bail?

A

the releasment of accused awaiting trail

33
Q

what is remand?

A

to hold the accused in custody

34
Q

what is common law?

A

law made by judges in courts

34
Q

what is the aus constiution

A

a set of rules made at federation setting out how we govern our country

34
Q

what is statue law

A

law made in parliment by elected officals.

34
Q

what does the constituion outline

A

the respinisbityes and roles of the federal and state governments

35
Q

how can the cnsituion be changed

A

through a refferendum in which a majoirty of votes and states need to agree to

36
Q

what is income for federal goverment?

A

income tax

37
Q

what is income for state goverment

A

GST

38
Q

what is income for local goverment

A

rates

39
Q

what hosue is the most important

A

lower house as it containa the goverement

40
Q

what is lower hosue of federal goverment

A

house of represenatvies

40
Q

how long does it take for a federal election to occour

A

3 years

40
Q

what is upper hosue of federal government

A

the senate

41
Q

how many senators are there?

A

76

41
Q

how many members are in the house of representatives

A

151, there are 151 electrptes

42
Q

how many senators represent each state and territory

A

12 for each state and 2 for each territory.

43
Q
A
44
Q
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44
Q
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45
Q
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45
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sem 1 exam 2024 (3 decks)

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