
Budgeting & 4 Year Plan Quiz
Authored by Corey Troxell
Business
8th Grade
Used 5+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a common reason for creating a budget?
To spend money impulsively
To track income and expenses
To forget about financial goals
To never review financial progress
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "fixed expenses" refer to in a budget?
Expenses that change each month
Expenses that are unexpected
Expenses that stay the same each month
Expenses that are not necessary
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "variable expenses" refer to in a budget?
Expenses that change each month
Expenses that are unexpected
Expenses that stay the same each month
Expenses that are not necessary
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a budget, what does "income" represent?
Money spent on bills
Money earned or received
Money saved for emergencies
Money for entertainment only
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to review and adjust a budget regularly?
To spend more money
To reach financial goals
To avoid creating a budget
To ignore financial habits
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a smart budgeting practice?
Saving money sporadically
Setting unrealistic financial goals
Ignoring all expenses
Tracking spending and making adjustments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many credits are required for a typical Texas High School Diploma?
13
27
33
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