Applied Education Online Quiz #2

1.A plan for future spending and saving, weighing estimated income against estimated Expenses.

• Gross Income

• Debt

• Expense

• Budget

An amount of money paid to an employee at a specified rate per hour worked. If you work more hours, you will be paid more.

• Wage

• Salary

• Gross Pay

• Net Pay

Things that are nice to have, but not necessary for survival

• Needs

• Wants

• Opportunity Cost

• Fixed Expense

What is an annual salary?

• What you are paid each month
• What you earn over the course of a year.

Tags

CCSS.7.EE.B.3

What is an annual salary?

• What you are paid each month
• What you earn over the course of a year.

Which type of cost occurs when an individual pays for a piano lesson instead of going to a movie?

• fixed cost

• marginal cost

• residual cost

• opportunity cost

In economics, the value of the next best alternative is called _________.

• Scarcity
• Productivity
• Opprotunity Cost
• Supply and Demand

How many digits are in the pin number

• 2

• 5

• 4

Can you spend more than whats in your bank account?

• No

• Yes

• Sometimes

A _____ is used to add funds to a bank account

• deposit slip
• signature card
• check
• check register

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4