Money Matters Review for Exam

Money Matters Review for Exam

11th Grade

37 Qs

quiz-placeholder

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Money Matters Review for Exam

Money Matters Review for Exam

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Diana Garza

Used 4+ times

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37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tangible items that can be touched, used, and purchased are _____.

services

goods

wants

needs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What decision-making strategy weighs the costs against the benefits of an action, purchase, or financial decision?

marginal analysis

opportunity costs

cost-benefit analysis

common sense

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step of systematic decision-making?

Explore the alternatives.

Evaluate the decisions.

Define the decision to be made.

Act on the decision.

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Monthly rent payments are an example of a(n) ______ expense.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a cash flow statement, what are expenses called?

Cash Inflow

Actual Inflow

Cash Outflow

Actual Outflow

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash and savings that can be converted to cash quickly and easily are _____.

current assets

current liabilities

fixed assets

long-term liabilities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Obligations to be paid over a long period of time are _____.

current assets

current liabilities

fixed assets

long-term liabilities

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