Budgeting Terms Quiz

Budgeting Terms Quiz

9th Grade

15 Qs

quiz-placeholder

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Budgeting Terms Quiz

Budgeting Terms Quiz

Assessment

Quiz

Financial Education

9th Grade

Practice Problem

Hard

Created by

Jason Cross

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a plan for managing income, expenses, and savings over a specific period called?

Revenue

Budget

Expenses

Savings

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes the total amount of income generated from various sources before any expenses are deducted?

Revenue

Budget

Expenses

Savings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the costs incurred in the process of generating revenue, including both fixed and variable costs, called?

Revenue

Budget

Expenses

Savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the portion of income not spent on current expenses and set aside for future use called?

Revenue

Budget

Expenses

Savings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the act of allocating money into financial schemes, shares, or property with the expectation of achieving a profit called?

Giving

Investing

Budgeting

Saving

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the act of providing resources, such as money, to others without expecting anything in return, often as a donation, called?

Giving

Investing

Budgeting

Saving

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a digital document, such as Google Sheets, used for organizing, analyzing, and storing data in tabular form called?

Formula

Cell

Spreadsheet

Sheet

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