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SGO Review

Authored by Natasha Zagada

Business

9th Grade

Used 9+ times

SGO Review
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44 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first thing you should do when reducing expenses is to consider

cutting down your discretionary expenses

quitting your job

cutting down your fixed expenses

cutting down your variable expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Budgets can change when you

have children

change jobs

get married

all of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When evaluating your budget you should consider

income

financial goals

spending

all of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A plan for use of money over time based on goals, expenses, and income is a(n)

expense

budget

asset

liability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit card charges are considered a(n)

asset

liability

expense

income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cost that changes both in the amount and time it must be paid is

variable expense

discretionary expense

fixed expenses

expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount that is spent for an item that a person could do without is

variable expense

discretionary expense

fixed expense

expense

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