Smart Shopping

Smart Shopping

7th - 8th Grade

10 Qs

quiz-placeholder

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Smart Shopping

Smart Shopping

Assessment

Quiz

Other

7th - 8th Grade

Hard

Created by

Kelsey Bunn

Used 188+ times

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10 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

Which of the following would be considered a want rather than a need for most people?

Warm clothes in winter

A place to live

A smartphone

Nutritious food

2.

MULTIPLE SELECT QUESTION

15 mins • 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 each year from sales

The benefit you gain by choosing one option verses another

3.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

You are creating a new budget for your business. What should it include?

All income and expenses

Fixed expenses but not income

Income but not variable expenses

Fixed and variable expenses but not taxes

4.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

Which of the following is a variable expense for many adults?

Their monthly cost of eating out at restaurants

Their monthly rent payment

The monthly payment on their car loan

Their monthly payment for health insurance

5.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

Which expense is NOT a need?

Rent payment

Car insurance

TV services

Groceries

6.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

If you know the unit prices of two different brands of an item, you are better to:

Compare the prices of the two brands

Estimate how much of the item you will need

Determine which of the two brands is higher quality

Figure out the discount during a sale on the two items

7.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

Where should you look for the fairest and most reliable information about buying a new computer?

The website of a popular computer company

Advertisements that a computer company puts in a computer magazine

An independent consumer education website that reviews and rates computers

Advice from a salesperson in a computer store who earns commission on sales

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