What is a budget?

Ch2.1.2

Quiz
•
Financial Education
•
12th Grade
•
Medium
Amy Barnett
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A plan for unexpected expenses
A written plan for giving, saving, and spending
A list of monthly bills
A summary of past expenses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is income?
Money spent on groceries
Money received for work, as a gift, or through investments
Money saved in a bank
Money borrowed from a friend
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a fixed expense?
An expense that changes every month
An expense that remains the same from month to month
An unexpected expense
An expense that occurs once a year
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a variable expense?
An expense that is always the same
An expense that varies in dollar amount from month to month
An expense that is paid annually
An expense that is unnecessary
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an intermittent expense?
An expense that occurs monthly
An expense that occurs at various times throughout the year
An expense that is always fixed
An expense that is always variable
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a discretionary expense?
An essential expense
An expense for things you don’t need
An expense that is fixed
An expense that is variable
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a fixed expense?
Monthly rent
Grocery bills
Entertainment costs
Travel expenses
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