Unit #2 Vocab Do Now
Flashcard
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Mathematics
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Professional Development
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Practice Problem
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Hard
+6
Standards-aligned
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1.
FLASHCARD QUESTION
Front
What is a Budget Deficit?
Back
A Budget Deficit occurs when spending exceeds income.
2.
FLASHCARD QUESTION
Front
Define Variable Expense.
Back
Variable Expense refers to costs that vary depending on usage of products or services and can change based on various factors.
3.
FLASHCARD QUESTION
Front
What is a Budget Surplus?
Back
A Budget Surplus occurs when income exceeds spending.
4.
FLASHCARD QUESTION
Front
Explain the Envelope System.
Back
The Envelope System is a budgeting method that involves physically separating cash for different expenses.
5.
FLASHCARD QUESTION
Front
What is a Category in budgeting?
Back
A Category is a grouping of related expenditures.
6.
FLASHCARD QUESTION
Front
What is the importance of budgeting?
Back
Budgeting helps individuals manage their finances, track spending, and plan for future expenses.
7.
FLASHCARD QUESTION
Front
What are fixed expenses?
Back
Fixed expenses are costs that do not change from month to month, such as rent or mortgage payments.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
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