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TEST - Understanding Budgeting and Proportions

TEST - Understanding Budgeting and Proportions

Assessment

Flashcard

Mathematics

12th Grade

Practice Problem

Hard

CCSS
7.RP.A.2A, 6.RP.A.3B, 7.RP.A.3

+10

Standards-aligned

Created by

Wayground Content

FREE Resource

Student preview

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16 questions

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1.

FLASHCARD QUESTION

Front

What is a proportion?

Back

A relationship between two ratios.

Tags

CCSS.7.RP.A.2A

2.

FLASHCARD QUESTION

Front

How do fixed and recurring expenses affect a monthly budget?

Back

They are predictable and help in planning.

3.

FLASHCARD QUESTION

Front

What does the envelope budget strategy involve?

Back

Allocating cash for different spending categories into envelopes.

4.

FLASHCARD QUESTION

Front

What is net pay?

Back

Take-home pay after deductions.

5.

FLASHCARD QUESTION

Front

In the 50/30/20 budget strategy, what does the 30% represent?

Back

Wants.

Tags

CCSS.6.RP.A.3B

6.

FLASHCARD QUESTION

Front

What are fixed expenses?

Back

Costs that do not change from month to month, such as rent or mortgage.

7.

FLASHCARD QUESTION

Front

What are variable expenses?

Back

Costs that can fluctuate, such as groceries or entertainment.

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