Balancing a Budget Lesson 1 Quiz
Authored by Collin Jensen
Professional Development, Business, Life Skills
9th - 10th Grade
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of these is an example of a fixed expense?
Groceries
Rent/Mortgage
Electric Bill
Movie Tickets
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The money that you pay to the Federal Government to pay for bridges, roads, and more are called
(a)
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT a variable expense?
Heating Bill
Electric Bill
Gasoline For Your Car
Netflix Bill
4.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
This is the money you invest in the form of supplies, marketing, legal services, and other investments to get your business up and running.
(a)
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following budgets is considered to be balanced?
A budget where the amount you save is less than the amount you spend.
A budget where the amount you earn is equal or less than to the amount you spend.
A budget where the amount you spend is greater than the amount you earn.
A budget where the amount you spend is equal or less than the amount you earn.
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Which of the following are considered wants?
Medicine
The Newest iPhone
A Coach Purse
New Timberland Boots
Healthy Food
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The amount left over from your paycheck after deductions (taxes and insurance) is called (a)
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