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NGPF Unit 2 & 3 Tests

Authored by Lacey Cornick

Specialty

8th Grade

Used 1+ times

NGPF Unit 2 & 3 Tests
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1) Which statement best describes how to comparison shop?

Buy many brands of the same item, see which you like best, and return all the rest
Set a budget, decide what features you want, and see which stores/brands best fit your needs
Visit many stores and ask the salespeople to lower the price until one offers something you can afford
Start your own website that compares the current store prices of items you shop for regularly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2) You're going to buy a new bicycle. What should be one of your first steps in comparison shopping?

Decide what bicycle features you care most about
Visit the store that sells the least expensive bicycles
Locate a coupon for bicycles
Sell your old bicycle

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3) The two main portions of a budget are...

the money coming in (income) and the money you're spending (expenses)
the money coming in (expenses) and the money you're spending (income)
the cash you are spending in stores and the bills you are paying online
the items you want to buy and the money you need to save for retirement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4) Why is it important to be able to decide if an item is a NEED or a WANT?

Needs are worth spending money on, but you should never spend on a want
Needs can be very expensive, but wants are usually far less expensive so you don't need to keep track of them
You cannot create a budget that has both needs and wants included -- you need them each in a separate budget
When you budget, you should make sure all your needs are met first, then you can decide to spend on wants

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5) Ethan is considering updating his cell phone plan to include unlimited data. In which situation could unlimited data be a NEED for Ethan?

He loves watching movies, and he's already paid for all the streaming services, so now he needs the data
Unlimited data will allow him to play video games with his friends even when he's not at home, and he LOVES video games
He has so many social media accounts, and he needs to be able to check them throughout the day, even while in school
He has an hour-long bus ride each direction to and from school, and he needs that time to complete homework and submit it all online

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6) Marshawn is trying to determine if an item at the mall is a NEED or a WANT. Which question will be most helpful?

Will something bad happen if I don't have this item?
Do any of my friends have this item?
How happy will this item make me?
Will my teachers be excited if I buy this item, or will they be disappointed?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7) Justine's part-time job pays her $8 per hour. She works for 10 hours this pay period. How much is her gross pay?

$8
$80
$80, minus any taxes she has to pay
$80, plus any taxes she has to pay

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