Search Header Logo

Budgeting Quiz

Authored by Andre Stewart

Mathematics

12th Grade

CCSS covered

Used 1+ times

Budgeting Quiz
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 1: What are the key components of a monthly budget plan?

Salary, rent, groceries, and retirement

Income, expenses, debt, and investments

Income, expenses, savings, and financial goals

Savings, entertainment, travel, and shopping

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 4: List three different sources of income that can contribute to your budget.

Gifts

Allowance

Salary/wages, investment income, rental income

Selling organs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 5: How can part-time jobs be a source of income for budgeting?

Part-time jobs provide a decrease in income for budgeting.

Part-time jobs provide free meals for budgeting.

Part-time jobs provide additional income for budgeting.

Part-time jobs offer unlimited vacation days for budgeting.

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 7: Provide an example of a need and a want in terms of budgeting.

An example of a need in budgeting is designer clothing

An example of a want in budgeting is a mortgage payment

An example of a need in budgeting is a luxury car

An example of a need in budgeting is food, while an example of a want is a vacation.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question 8: Why is it important to differentiate between needs and wants when creating a budget?

To make the budget more complicated

To spend all the money on non-essential items

To ignore essential expenses and focus only on non-essential items

To prioritize essential expenses and avoid overspending on non-essential items.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?