Gen. Business Budgeting Quiz

Gen. Business Budgeting Quiz

12th Grade

25 Qs

quiz-placeholder

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Gen. Business Budgeting Quiz

Gen. Business Budgeting Quiz

Assessment

Quiz

others

12th Grade

Practice Problem

Easy

Created by

Aspen Farmer

Used 5+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in creating a budget?

Start saving money

Identify your income and expenses

Pay off debt

Invest in stocks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixed expenses are:

Costs that change month-to-month

Costs that stay the same every month

Costs associated with entertainment

Costs that depend on income levels

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a variable expense?

Rent

Insurance

Utilities

Mortgage payments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If your income is $3,000 and your expenses are $2,500, how much money is left over?

$200

$400

$500

$600

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of your income should ideally go towards savings?

10%

20%

30%

40%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is tracking expenses important in budgeting?

To calculate taxes

To understand where your money goes

To increase your credit score

To impress your employer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If your monthly grocery bill is $400, how much will you spend on groceries in a year?

$3,600

$4,200

$4,800

$5,000

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