UNIT 5: Budgeting & Expenses
7th Grade
•9 Qs
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UNIT 5: Budgeting & Expenses
Quiz
•
Business
•
7th Grade
•
Easy
+17
Standards-aligned
Katharine Ruckel
Used 12+ times
FREE Resource
9 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The monetary cost of goods or services that are required to be paid in regular intervals are __________.
Tags
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Expenses are typically paid in __________ intervals.
Tags
CCSS.L.1.6
CCSS.L.3.6
CCSS.L.K.5A
CCSS.W.2.3
CCSS.W.3.3C
3.
DRAG AND DROP QUESTION
1 min • 1 pt
(a) are tangible objects. (b) are when you pay others to do something for you. (c) is an example of a good. (d) is an example of a service.
Tags
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
MATCH QUESTION
1 min • 1 pt
Match the term to its proper definition.
fixed
Not necessary for survival/will improve your quality of life
variable
Essential/necessary for survival
need
Expenses that remain the same from month to month.
want
Expenses that change from month to month.
Tags
CCSS.L.6.6
CCSS.L.7.6
CCSS.L.8.6
CCSS.W.7.2D
CCSS.W.8.2D
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money remaining after all of your monthly expenses have been paid is a __________.
need
want
deficit
surplus
Tags
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When your expenses are higher than your income, you will be left with a __________.
need
want
deficit
surplus
Tags
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
7.
MATCH QUESTION
1 min • 1 pt
Match the term to its proper definition.
impulse shopping
Repeated routines and practices you have around spending money on goods and services.
budget
Making purchases without planning or evaluating your current or future financial situations.
emergency fund
Money reserved for times of financial hardship. The recommended amount for this fund is three to six months worth of monthly expenses.
spending habits
A plan that is implemented to provide financial structure when managing your income and expenses.
Tags
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
8.
CLASSIFICATION QUESTION
3 mins • 1 pt
Organize the expenses into their proper categories.
Groups:
(a) FIXED
,
(b) VARIABLE
Groceries
Utilities
Rent
Gas for car
Netflix subscription
Mortgage
Car payment
Dining out
9.
CLASSIFICATION QUESTION
3 mins • 1 pt
Organize the expenses into their proper categories.
Groups:
(a) NEED
,
(b) WANT
Gas for car
Groceries
Dining out
Mortgage
Car payment
Streaming subscription
Rent
Utilities
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