EDCO SAMPLE A BUSINESS + B QUESTIONS
WITH CORRECT ANSWERS 2025/2026
Desk research examples - CORRECT ANSWER -Statistics from the CSO,Marketing reports
Field research examples - CORRECT ANSWER -Questionnaire, survey,focus group, in store
experiments
Grounds of discrimination in a workplace - CORRECT ANSWER -- you can't discriminate an
employee because of their gender, for example favouring male employees and giving them a
higher position
- you can't discriminate an employee because of their race, for example favouring a white
person over a black person
Mortgage- long term loan - CORRECT ANSWER -It is a specific long term loan for a building.
(Reason : Long term need)
hire purchase - medium source of finance - CORRECT ANSWER -Needed to purchase a car as it's
a medium need
Insurance - CORRECT ANSWER -protection against possible financial loss.
Home insurance - CORRECT ANSWER -Protects her house and contents from burglary and
damage
Car insurance - CORRECT ANSWER -It's compulsory for all vehicles driven On public roads. It will
protect a person from an accident.
, Positive impacts of a business to the rinse economy - CORRECT ANSWER --Employees standards
of living will increase because they'll all have more disposable income as they're working.
- multiplier effect - extra income leads to increase spending.
How to improve cash flow - CORRECT ANSWER -
Reduce payments by negotiating with suppliers for better deals or look for cheaper and go
od alternatives.
Why to prepare a business plan - CORRECT ANSWER -
To see if the business is likely to succeed or not.
To identify any problems in the business and to take action to solve them as early as possi
ble.
Benefits of EU membership - CORRECT ANSWER --
They can employ a trainer from any member of state, because of the SEM. Free movemen
t of Labour is involved aswell.
- They can import training equipment for an eu country without paying import tax.
Why are taxes imposed? Financial - CORRECT ANSWER -
Tax is a source of revenue for the government. The government uses the tax to pay for soc
ial protection. PRSI is used to pay social payments pension jobseekers allowance and child
benefit.
Why are taxes imposed social - CORRECT ANSWER -
Taxes are imposed to redistribute wealth in the economy. Without taxes unemployed and r
etired people won't have a source of income.
Other types of taxes - CORRECT ANSWER -VAt and Motor
WITH CORRECT ANSWERS 2025/2026
Desk research examples - CORRECT ANSWER -Statistics from the CSO,Marketing reports
Field research examples - CORRECT ANSWER -Questionnaire, survey,focus group, in store
experiments
Grounds of discrimination in a workplace - CORRECT ANSWER -- you can't discriminate an
employee because of their gender, for example favouring male employees and giving them a
higher position
- you can't discriminate an employee because of their race, for example favouring a white
person over a black person
Mortgage- long term loan - CORRECT ANSWER -It is a specific long term loan for a building.
(Reason : Long term need)
hire purchase - medium source of finance - CORRECT ANSWER -Needed to purchase a car as it's
a medium need
Insurance - CORRECT ANSWER -protection against possible financial loss.
Home insurance - CORRECT ANSWER -Protects her house and contents from burglary and
damage
Car insurance - CORRECT ANSWER -It's compulsory for all vehicles driven On public roads. It will
protect a person from an accident.
, Positive impacts of a business to the rinse economy - CORRECT ANSWER --Employees standards
of living will increase because they'll all have more disposable income as they're working.
- multiplier effect - extra income leads to increase spending.
How to improve cash flow - CORRECT ANSWER -
Reduce payments by negotiating with suppliers for better deals or look for cheaper and go
od alternatives.
Why to prepare a business plan - CORRECT ANSWER -
To see if the business is likely to succeed or not.
To identify any problems in the business and to take action to solve them as early as possi
ble.
Benefits of EU membership - CORRECT ANSWER --
They can employ a trainer from any member of state, because of the SEM. Free movemen
t of Labour is involved aswell.
- They can import training equipment for an eu country without paying import tax.
Why are taxes imposed? Financial - CORRECT ANSWER -
Tax is a source of revenue for the government. The government uses the tax to pay for soc
ial protection. PRSI is used to pay social payments pension jobseekers allowance and child
benefit.
Why are taxes imposed social - CORRECT ANSWER -
Taxes are imposed to redistribute wealth in the economy. Without taxes unemployed and r
etired people won't have a source of income.
Other types of taxes - CORRECT ANSWER -VAt and Motor
