
FutureSmart Module 2 Smart Shopping
Authored by Darlene Smith
6th - 8th Grade
Used 720+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 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
2 mins • 1 pt
Which of the following expenses should be included in a typical budget?
Taxes
Charitable Giving
Savings
All of the above.
3.
MULTIPLE CHOICE QUESTION
2 mins • 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 sales
4.
MULTIPLE CHOICE QUESTION
2 mins • 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
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
You are creating a budget for your new business. What should you include?
All income and expenses
Fixed expenses but not income
Income but not variable expenses
Fixed and variable expenses but not taxes
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is a variable expense for many adults?
Their monthly cost of eating out at a restaurants.
Their monthly rent payment
Their monthly payment on their car loan
Their monthly payment for health insurance
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Your friend's parents are worried about going over their budget for the month. Which expense would you suggest is NOT a need?
Rent payment
Car insurance
Cable service
Groceries
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