Budget +

Budget +

9th Grade

11 Qs

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Assessment

Quiz

Life Skills

9th Grade

Easy

Created by

Leah Taylor

Used 7+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economic condition of limited resources that prevents people from having everything they want.

Wants

Budget

Opportunity Cost

Scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses that vary from month to month, such as entertainment, car repairs, or doctor bills.

Short Term Goals

Fixed Expenses

Variable Expenses

Impulse Buying

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Plans that can be accomplished within three months to a year.

Short Term Goals

Long Term Goals

Opportunity Costs

Fixed Expenses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that is spent on goods, services, and bills.

Fixed Expenses

Variable Expenses

Budget

Expenditures

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses that do not change from month to month, such as auto insurance or rent.

Variable Expenses

Fixed Expenses

Short Term Goals

Impulse Buying

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The next best alternative given up when making a financial choice.

Short Term Goals

Opportunity Cost

Expenditures

Discretionary Income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Plans that take a year or more to accomplish.

Short Term Goals

Long Term Goals

Budgeting

Expenses

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