Which is an example of opportunity cost?
Personal Finance Final Review

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Business
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10th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Angie chose to buy a dress instead of paying her school fees. Her school fees were the opportunity cost.
2.
FLASHCARD QUESTION
Front
Which of the following products have an imposed excise tax? Car, Computer, Gasoline, Groceries
Back
Gasoline
3.
FLASHCARD QUESTION
Front
The government uses money from taxes to:
Back
provide goods and services for the public
4.
FLASHCARD QUESTION
Front
What is a fixed expense in a budget?
Back
an expense that stays the same
5.
FLASHCARD QUESTION
Front
Joan's income is $2800 and her expenses are $1927. What is her discretionary income?
Back
$873
6.
FLASHCARD QUESTION
Front
A salaried worker would be compensated by which of the following? Yearly income of $40,000 divided into 24 equal payments, Weekly income based on $19 hourly rate, Bi-monthly income based on a base rate with tips, Weekly payments made with cash
Back
Yearly income of $40,000 divided into 24 equal payments
7.
FLASHCARD QUESTION
Front
Deductions taken from a person's paycheck include ______________________________.
Back
Federal withholding tax, state withholding tax, and FICA (Social Security and Medicare)
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