
Everfi - Financial Literacy
Quiz
•
Computers
•
6th Grade
•
Practice Problem
•
Medium
Used 191+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Select the answer that best describes opportunity cost:
The amount of money you put into savings every year
What you give up as a result of choosing one option versus another; a trade-off.
The amount of money a business makes every year from sales.
What you gain as a result of choosing one option versus another; a benefit.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Before buying a new computer, you want to do some research to help you select the best model for your needs. Where should you look for the most objective and unbiased information?
The most popular computer company's website
Paid advertisements in a technology magazine
A salesperson at an electronics store who earns commission on sales
An independent consumer education website that reviews and rates technology products
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following expenses should be included in a typical budget?
Taxes
Charitable Giving
Savings
All of the above
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following would be considered a want for most people?
A brand-name jacket
Transportation to get to work
A place to live
Nutritious food
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If you know the unit price of an item, you are better able to:
Compare prices of two brands
Estimate how much you will need
Determine the total cost of the purchase
Figure out the discount during a sale
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following would be considered a want rather than a need for most people?
Warm clothes in the winter
A place to live
A smartphone
Nutritious Food
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Select the answer that best describes what an opportunity cost is:
The amount of money you put into savings each year
The trade-off of making one choice and giving up a different choice
The amount of money a business makes every year from sales
The benefit you gain by choosing one option versus another
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