budgeting

budgeting

Professional Development

5 Qs

quiz-placeholder

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budgeting

budgeting

Assessment

Quiz

Other

Professional Development

Practice Problem

Hard

Created by

Sathya S

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of budgeting? (Remembering)

To save money
To invest money
To make more money
To manage income and expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of budget? (Understanding)

Personal budget
Business budget
Government budget
Sports budget

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often should you review and update your budget? (Applying)

Once a year
Once a month
Once a week
As needed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in creating a budget? (Analyzing)

Set financial goals
Track income and expenses
Make adjustments
All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to budget for large purchases or investments? (Evaluating)

To save money
To avoid debt
To make informed financial decisions
All of the above

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