Unit 5.2 Budgeting
Flashcard
•
Social Studies, Business
•
10th - 12th Grade
•
Practice Problem
•
Hard
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35 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is generally the most expensive category in a person’s budget? Healthcare, Clothing, Transportation, Housing
Back
Housing
2.
FLASHCARD QUESTION
Front
When making a budget, a person’s needs should come before their wants.
Back
True
3.
FLASHCARD QUESTION
Front
If an expense can be cut from your budget to save money, it is considered a ______.
Back
want
4.
FLASHCARD QUESTION
Front
Of all the choices, which one should you budget for first? Groceries, Entertainment, Cell Phone Bill, New Car
Back
Groceries
5.
FLASHCARD QUESTION
Front
What is a need?
Back
Something you must have
6.
FLASHCARD QUESTION
Front
The money an individual spends regularly for items or services.
Back
Expense
7.
FLASHCARD QUESTION
Front
Which of the following is an example of a variable expense: Food, Rent, Car payment, Student loan?
Back
Food
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