
Unit 5 PF Review #1
Authored by Cory McCracken
Social Studies
12th Grade
Used 4+ times

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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of applying a rational decision-making model?
To make quick decisions
To evaluate costs and benefits
To avoid making decisions
To follow trends
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When comparing employment opportunities, what is one factor to consider?
Distance to the nearest park
Stability
Color of the office walls
Size of the parking lot
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of budgeting income?
To increase spending
To manage limited resources
To avoid taxes
To save for retirement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of income is earned by holding shares of stock in a company that pays shareholders when profits are earned?
Rental Income
Dividend Income
Interest Income
Wage Income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A variable expense is a cost that changes. Which of the following are examples of variable expenses?
Groceries and utilities
Rent and insurance
A vacation and a new car
Discounts and sales
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An unplanned expense is a cost that is unexpected. Which of the following are examples of unplanned expenses?
Medical bills and repairs
A vacation and a new car
Rent and insurance
Groceries and utilities
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are overdraft fees functional?
They provide extra funds
They prevent account closure
They encourage careful spending
They increase interest rates
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