Assessment

______are something without which people cannot live.

• NEEDS

• NEEDS & WANTS

• WANTS

One can survive without needs but one can not survive without wants, is this statement true or false

• TRUE

• FALSE

Financial Statement

• has the information on the business activities and the financial performance of the company

• statement shows the a company’s income, expenses and profit

Turnover IS ?

• Total amount of goods/material you have bought

• Total amount of sales you make over a set period

$100 from your favorite aunt for your birthday

• INCOME

• EXPENSES

Donation of money to Child Welfare

• INCOME

• EXPENSES

House Paint is what kind of Expense

• Perodic Expenses

• Fixed Expenses

• Variable Expenses

Your dad gave you 50 Rupees as Pocket Money, that 50 Rupees is ​ ___ for your dad

• Expenses

• Income

Electricity Bill of your home

• FIXED EXPENSES

• VARIABLE EXPENSES

• PERODIC EXPENSES

• DISCREATIONARY EXPENSES

Spending 10000 Rupees on Vactaion

• Discreationary Expenses

• Variable Expenses

• Fixed Expenses