(ML) Test Review Chap 4-6
Authored by Jennifer Florian
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9th - 12th Grade
Used 2+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
In the short-run, fixed costs are easier to change than variable costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
In a balanced budget,
3.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Most financial experts recommend that a family have fixed expenses of no more than
4.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
The IRS has the legal right to audit your tax returns and supporting records for ___ years from the date of filing.
5.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Assets - Liabilities = _____________
6.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Darren writes a check to the phone company for $45.60. He should record this amount in his checkbook register in the
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The best reason to save money is to provide for future needs.
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