Enterprise: Strand 1


Business Studies Dictionary Assets


Bar chart Bonus


Budget


Budget deficit Budget surplus


Capital expenditure


Careful spending Child benefit


Closing cash Commission Current expenditure


Discretionary expenditure


Debt Economic influences


Environmental influences


Environmental responsibility


Environment al sustainability


Excel Expenditure False economy Fixed expenditure Items of value that you own, e.g. your phone. A graph or chart which shows data in rectangular bars.


Income usually paid for reaching a target or meeting a deadline.


Planned income and expenditure.


Planned income is less than planned expenditure. Planned income is greater than planned expenditure


Money spent on durable items that will last a long time, e.g. car, washing machine, etc.


Planning what you are going to spend your money on.


Paid every four weeks to the parent/guardian of each child under the age of sixteen.


The money you expect to have at the end of the month. Your closing cash for January becomes your opening cash for February.


Extra pay for selling more: an incentive to encourage salespeople to sell.


Spending on day-to-day items that will last for a limited period only, e.g. food.


Money spent on things you can live without (luxuries). The amount you owe.


The state of the economy – this affects people’s wants and their ability to meet their needs.


Being environmentally friendly.


Being aware of the planet’s limited resources and acting responsibly to preserve them.


Looking after the planet and considering the impact of our actions on the environment.


A computer spreadsheet that can be used for accounts. The amount of money you spend.


A purchase that seemed as though it would save money, but in the long term results in money being wasted.


Money spent at the same time each week, each month and/or each year (annually), e.g. rent, TV licence. The amount is normally the same every week/month/year.


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