Topic 4 Practice Test

Front

What is a budget?

Back

A budget is a plan that outlines how much money is available to spend and how it will be allocated.

Front

How do you calculate the total cost for multiple items?

Back

Multiply the cost of one item by the number of items. For example, if one ticket costs $12.75 and there are 50 students, the total cost is $12.75 x 50.

Front

What is the total cost for 50 students if each ticket costs $12.75?

Back

The total cost is $637.50 (12.75 x 50).

Front

If Mr. Daniels has a budget of $300, how many students can he afford to take on the trip?

Back

To find out how many students can go, divide the budget by the cost per student: 300 ÷ 12.75 = 23.53. Since he can't take a fraction of a student, he can take 23 students.

Front

What does it mean to stay within a budget?

Back

Staying within a budget means not spending more money than what is allocated in the budget.

Front

What is the importance of budgeting for a class trip?

Back

Budgeting helps ensure that there is enough money to cover all expenses and prevents overspending.

Front

What is a unit rate?

Back

A unit rate is a comparison of two different quantities where one of the quantities is equal to one unit.

Front

How do you find the unit rate of a cost per student?

Back

The unit rate is found by dividing the total cost by the number of students. For example, if the total cost is $637.50 for 50 students, the unit rate is $12.75 per student.

Front

What is a financial constraint?

Back

A financial constraint is a limitation on spending due to a lack of funds.

Front

What is the formula for calculating the number of students that can go on a trip given a budget?

Back

Number of students = Budget ÷ Cost per student.