Finance Vocabulary Quiz

A plan for managing your money during a given period of time.

• Spending Plan

• Income

• Pie Chart

• Cash Flow

A spending plan is also known as a...

• Budget

• Income

• Expenses

• Cash flow

This image is an example of what?

(a)  

Any money that you earn for doing a task.

• Income

• Cash Flow

• Variable Expenses

• Fixed Expenses

Any money that you spend.

• Expenses

• Buget

• Income

• Capital

Rent, mortgage, and car payment are all examples of what?

• Fixed Expenses

• Variable Expenses

• Periodic Expenses

What is a financial forecast?

• A prediction in a business's financial health based on past performance.

• A prediction in a business's financial health based on future performance.

• How much money a business spent last year.

• How much income a business earned last year.

Money received from the sale of products and/or services.

• Revenue

• Profit

• Cost

• Capital Expenses

"Pay yourself first" is an example of what strategy?

• Savings

• Earning

• Expenses

• Revenue

Utilities and grocery costs are both examples of what?

• Fixed Expenses

• Variable Expenses

• Periodic Expenses