Discretionary Spending

Discretionary Spending

9th - 12th Grade

21 Qs

quiz-placeholder

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Discretionary Spending

Discretionary Spending

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Merridee Gibson

Used 2+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT component of a budget?

credit score
saving
income
giving

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often should you create a budget?

daily
weekly
monthly
biannually

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Going to the movies is an example of what types of expenses?

intermittent and variable
discretionary and variable
discretionary and fixed
intermittent and fixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if you overspend in one category of your budget?

Adjust your budget by removing money from other spending categories.
Just leave it. It will probably work out fine.
Take money from the Giving category. You're giving to yourself!
Ask a friend for that money you overspent.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term means buying goods according to what one want or needs?

Fixed Expenses

Discretionary Spending

Flexible Expenses

Budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for factors that motivate or influence human behavior?

opportunity costs

assets

income

incentives

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Melissa is having a bad day after school and decides to take a trip to Publix. During her shopping trip she decides to spend her allowance on chips and soft drinks. What type of expense is this?

Essential Expense

Discretionary Expense

Operating Expense

Rent Expense

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