Search Header Logo

Unit 3 - Budgeting Review

Authored by Amanda Beaudo

Other

11th - 12th Grade

Used 3+ times

Unit 3 - Budgeting Review
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a consequence of overdrawing your checking account?

Bounced check fee from the store.
Stress from money mismanagement
Overdraft fee from your bank
All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Doing a budget does not:

Show if you are overspending in an area
Make overspending more likely
Remove guilt and shame sometimes associated with a purchase
Make your money go further

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your monthly budget should include:

Variable expenses
Discretionary expenses
Fixed expenses
All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is false?

A cash flow statement summarizes all of the income and outgo (spending) over a certain time period.
A budget is a written plan for saving and spending.
A budget is meant to summarize the saving and spending that has taken place over the past year.
The cash flow statement is reflective of what has already taken place.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is something that a typical millionaire would do?

Lease a new car
Spend less money than he or she makes
Replace things that are not broken
Carry debt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rent is a:

Fixed expense
Variable expense
Discretionary expense
Intermittent expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Eating out is a:

Fixed expense
Variable expense
Discretionary expense
Intermittent expense

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?