Unit 4 Budget Assessment

Unit 4 Budget Assessment

6th - 8th Grade

12 Qs

quiz-placeholder

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Unit 4 Budget Assessment

Unit 4 Budget Assessment

Assessment

Quiz

Life Skills

6th - 8th Grade

Practice Problem

Medium

Created by

Shane Boozer

Used 14+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Short Term Goals are:

hard to reach

accomplished in less than a year

personal

categorized by wants and needs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of earnings made over one month, after deductions is known as:

total annual income

net monthly income

gross monthly income

gross annual income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A record of income & expenditures for a given period is called a/an:

credit

investment

budget

interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When budgeting, the first categories to consider are those that meet your:

wants

needs

discretionary funds

important expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what category of a typical budget do people spend most of their money?

Food

Housing

Transportation

Entertainment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jason went to the grocery store to buy a gallon of milk for his mother. While waiting in the checkout line, he say a display for a new chocolate-caramel candy bar, so he bought it too. The candy bar purchase is an example of a/an:

special treat

need

payment for running an errand for his mom

impulse buy

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the difference between a short term & long term goal?

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