Prepare a Budget

Prepare a Budget

9th - 12th Grade

30 Qs

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Prepare a Budget

Prepare a Budget

Assessment

Quiz

Other

9th - 12th Grade

Hard

CCSS
6.RP.A.3C, 6.NS.C.5, 3.OA.D.9

+1

Standards-aligned

Created by

COURTNEY JOHNSON

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a personal asset?

Credit card balance

Rent

Cash

Mortgage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual has total assets of $120,000 and total liabilities of $80,000. What is his net worth?

$40,000

$50,000

$60,000

$30,000

Tags

CCSS.6.NS.C.5

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an itemized summary of the expected income and expenses for a defined period of time?

Net worth

Budget

Equity

Balance sheet

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to personal belongings which have value?

Net profit

Net worth

Liabilities

Assets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the sum of the individual’s current assets minus the individual’s total liabilities?

Net worth

Variable expenses

Liquid assets

Budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses for electricity, natural gas, heating oil, and water.

mean

price

utility

income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Electricity is sold by the:

cubic foot

watt

kilowatt-hour

watt-hour

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