Unit 3 - Personal Budgets and Consumer Decision Making

Unit 3 - Personal Budgets and Consumer Decision Making

11th - 12th Grade

29 Qs

quiz-placeholder

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Unit 3 - Personal Budgets and Consumer Decision Making

Unit 3 - Personal Budgets and Consumer Decision Making

Assessment

Quiz

Business

11th - 12th Grade

Practice Problem

Easy

Created by

Jeremy Anderson

Used 1K+ times

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29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The debts that you owe?

Liabilities

Income

Surplus

Assets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mortgage payment is an example of a?

Variable Expense

Fixed Expense

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money left over after paying the essentials (such as food, shelter, transportation)?

Net Pay

Discretionary Income

Deficit

Insolvency

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of expenses that change from month to month?

Variable Expenses

Fixed Expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial situation that occurs when you spend more money than you make?

Deficit

Surplus

Cash Flow

Budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial statement that lists items of value owned, debts owed and person's worth>

Cash Flow

Budget

Net Worth

Tax Return

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debt that is paid off within one year, such as medical bills or a credit card bill?

Current Liability

Equity

Liquid Asset

Long Term Liability

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