Personal Finance

What is a budget?

• A budget is a financial plan that outlines expected income and expenses over a certain period of time.
• A budget is a type of insurance policy
• A budget is a type of investment
• A budget is a type of bank account

What is an income?

• Income is the money that an individual or business spends on goods and services
• Income is the money that an individual or business borrows from others
• Income is the money that an individual or business saves for future use
• Income is the money that an individual or business receives in exchange for providing a good or service, or through investing capital.

What is an expense?

• Salary received from a job
• Investment in stocks
• Money earned from sales
• Cost incurred in the process of generating revenue

What is a Merit Scholarship?

• A merit scholarship is a financial award given to students based on their academic or other achievements, rather than financial need.
• A merit scholarship is only available to students with perfect attendance
• A merit scholarship is awarded based on financial need
• A merit scholarship is a loan that must be repaid with interest

What is a recession?

• A recession is a term used to describe a period of economic stability and growth.
• A recession is a significant decline in economic activity that lasts for an extended period of time.
• A recession is a situation where the economy experiences rapid and sustained growth.
• A recession is a sudden increase in economic activity that lasts for a short period of time.

What is an economy?

• An economy is the system of production, distribution, and consumption of goods and services in a particular geographic region.
• An economy is the practice of physical exercise and healthy eating habits.
• An economy is the process of creating art and music.
• An economy is the study of insects and their relationships to their environment.

What is excel?

• Excel is a web browser
• Excel is a spreadsheet program developed by Microsoft.
• Excel is a video editing program
• Excel is a word processing software

What is an excel worksheet?

• A function in Excel used to calculate mathematical operations
• A type of graph in Excel used to represent data visually
• A feature in Excel used to create presentations
• A single spreadsheet within an Excel file where data is organized into rows and columns.

What is a gig economy?

• A gig economy is a system where workers are guaranteed long-term employment with one organization
• A gig economy is a system where workers are paid a fixed salary regardless of the number of hours worked
• A gig economy is a system where workers are provided with extensive benefits and job security
• A gig economy is a free market system in which temporary positions are common and organizations contract with independent workers for short-term engagements.

What is an entrepreneurship?

• Entrepreneurship is the process of designing, launching, and running a new business, often initially a small business.
• Entrepreneurship is the process of working for someone else's business
• Entrepreneurship is the process of avoiding risks and challenges in business
• Entrepreneurship is the process of only focusing on making money