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Budgeting/Career Unit Reivew

Authored by Chris Fenske

Business

9th - 12th Grade

Used 4+ times

Budgeting/Career Unit Reivew
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20 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A budget allows you to meet your personal goals with a system of saving and wise spending.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT part of the budget process?

Set Financial Goals

Plan Budget Categories

Maintain Financial Records

Avoid Spending on Any Wants

Evaluate Your budget

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Costs that occur on a regular basis are and the same amount each time are variable expenses.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Variable expenses involve living costs that differ each time and may not be as easy to estimate.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget should be all of the following except:

Realistic

Flexible

On a spreadsheet

Evaluated

Well planned

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. Retirement planning is usually considered a short-term goal.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A major purpose of a budget is to:

Assist with comparison shopping

achieve financial goals

reduce a person's enjoyment of life

gather data for using credit cards

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