Household Budgeting
Authored by Susan Andrews
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KG - University
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount we send during a particular period is called
Income
Expenditure
Earnings
Buying
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Household bills like mortgage are
Irregular Spending
Irregular Expenditure
Discretionary Expenditure
Fixed Expenditure
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is impulse buying?
Buying for entertainment
Buying regularly
Buying on the spur of the moment
Buying according to plan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Callum has 10 euro to spend. He could play snooker or go to the cinema. He decides on the snooker. The opportunity cost is
10 Euro
5 Euro
going to Cinema
financial cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Holidays are
Opportunity cost
Financial Income
Discretionary Spending
Regular Spending
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When our expected income is greater than expected we have a ...
Budget deficit
Budget surplus
Budget
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When our expected income is less than our expected expenditure
Budget surplus
Discretionary
Budget deficit
Net cash
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