
Chapter 8: Budgeting & Record Keeping
Quiz
•
Life Skills
•
12th Grade
•
Practice Problem
•
Easy
Mary Morris
Used 1+ times
FREE Resource
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30 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 3 pts
Which filing system is better suited to organize and maintain your budget?
Paper Filing System
Electronic Record Keeping
2.
OPEN ENDED QUESTION
10 mins • 5 pts
In order to create a balanced budget, what must your overall equation look like?
Evaluate responses using AI:
OFF
3.
OPEN ENDED QUESTION
10 mins • 5 pts
If you're unable to balance your budget at the beginning of the month, name three things you could do to adjust your plan and even things out?
Evaluate responses using AI:
OFF
4.
OPEN ENDED QUESTION
10 mins • 5 pts
As a consumer, you have responsibilities regarding the contracts and agreements that you enter into. List 4 consumer responsibilities of the 7 we discussed in class.
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OFF
5.
OPEN ENDED QUESTION
10 mins • 5 pts
Many products come with both implied AND specific written warranties. Think of a product and 1) provide an example of what an implied warranty might look like and 2) what a specific written warranty might look like for that purchase.
Evaluate responses using AI:
OFF
6.
OPEN ENDED QUESTION
10 mins • 5 pts
Paper and Electronic Filing Systems each have their own advantages. 1) When would you use a paper filing system (i.e. what are you organizing/storing) vs. an electronic filing system? 2) What are the advantages of an electronic filing system?
Evaluate responses using AI:
OFF
7.
MULTIPLE CHOICE QUESTION
10 mins • 3 pts
______ A legally enforceable agreement between two or more parties.
Co-signer
Database
Contract
Financial plan
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