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QR Challenge: Income and Expenditure

Created using the ClassTools QR Treasure Hunt Generator

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Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.

B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!

C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.

Questions / Answers (teacher reference)

Question

Answer

1. 1. A person who owns a business on their own is called ...?Sole Trader
2. 2. Then sources of capital when starting a business include ...? Bank Loan; personal savings; selling shares and borrowing from friends.
3. 3. What do shareholders receive in return for investing in the business other than a dividend? Voting rights at the annual general meeting.
4. 4. Loans are another source of capital income, however, their major disadvantage is that ...? Interest rate
5. 5. Examples of revenue income include ... Sales;
6. 6. What is an intangible asset?This is something owned by a business that cannot be touch but adds value to the business.
7. 7. Examples of intangible assets are ... Goodwill, Patents, Trademarks.
8. 8. Revenue expenses can be classified into four groups which are ...Premises costs
9. 9. Purchases are when a business ...buys goods for resale.
10. 10. Staff costs include...salaries,

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q1/10:

1. A person who owns a business on their own is called ...?&choe=UTF-8

Question 1 (of 10)

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q2/10:

2. Then sources of capital when starting a business include ...? &choe=UTF-8

Question 2 (of 10)

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q3/10:

3. What do shareholders receive in return for investing in the business other than a dividend? &choe=UTF-8

Question 3 (of 10)

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q4/10:

4. Loans are another source of capital income, however, their major disadvantage is that ...? &choe=UTF-8

Question 4 (of 10)

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q5/10:

5. Examples of revenue income include ... &choe=UTF-8

Question 5 (of 10)

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q6/10:

6. What is an intangible asset?&choe=UTF-8

Question 6 (of 10)

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q7/10:

7. Examples of intangible assets are ... &choe=UTF-8

Question 7 (of 10)

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q8/10:

8. Revenue expenses can be classified into four groups which are ...&choe=UTF-8

Question 8 (of 10)

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q9/10:

9. Purchases are when a business ...&choe=UTF-8

Question 9 (of 10)

 


Income and Expenditure: QR Challenge

https://www.classtools.net/QR/decode.php?text=Income and Expenditure
Q10/10:

10. Staff costs include...&choe=UTF-8

Question 10 (of 10)