
Mastering Financial Management
Authored by Unnikrishnan v
Other
University

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a budget?
To track only income without expenses.
To increase spending without limits.
To avoid financial planning altogether.
The purpose of a budget is to manage finances effectively.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name one popular budgeting technique.
Envelope budgeting
Cash flow forecasting
Zero-based budgeting
50/30/20 rule
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is zero-based budgeting?
A system that requires a fixed percentage of income to be saved each month.
Zero-based budgeting is a budgeting method that allocates every dollar of income to expenses, savings, or investments, ensuring total income minus total expenses equals zero.
A budgeting approach that focuses solely on long-term investments.
A method that only tracks expenses without considering income.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the 50/30/20 rule work?
The 50/30/20 rule allocates 50% to savings, 30% to needs, and 20% to wants.
The 50/30/20 rule divides income into 50% needs, 30% wants, and 20% savings/debt.
The 50/30/20 rule divides income into 50% savings, 30% for emergencies, and 20% for discretionary spending.
The 50/30/20 rule suggests spending 50% on entertainment, 30% on bills, and 20% on investments.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between fixed and variable expenses?
Variable expenses are predictable and fixed over time.
Fixed expenses are always higher than variable expenses.
Fixed expenses fluctuate based on income levels.
Fixed expenses remain constant, while variable expenses change with activity levels.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an emergency fund and why is it important?
A checking account for daily expenses.
A retirement fund for long-term savings.
An emergency fund is a savings account for unexpected expenses, and it is important for financial security and avoiding debt.
A loan to cover unexpected costs.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of investing?
To avoid financial risks altogether.
To save money for emergencies.
To speculate on short-term market trends.
To grow wealth over time.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
17 questions
Questionnaire Design
Quiz
•
University
22 questions
Guess The Rapper?
Quiz
•
7th Grade - Professio...
20 questions
Module 8: State and Non-state Institutions
Quiz
•
11th Grade - University
15 questions
Economía 2023
Quiz
•
University
20 questions
Planning lessons
Quiz
•
University
20 questions
CB CHAPTER 8 Pay for Performance Plans
Quiz
•
University
20 questions
INTRODUCCION WORD OFIMATICA I
Quiz
•
University
15 questions
JUEGO DE LECTURA BJ 2°
Quiz
•
1st Grade - University
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Other
7 questions
How James Brown Invented Funk
Interactive video
•
10th Grade - University
5 questions
Helping Build the Internet: Valerie Thomas | Great Minds
Interactive video
•
11th Grade - University
12 questions
IREAD Week 4 - Review
Quiz
•
3rd Grade - University
23 questions
Subject Verb Agreement
Quiz
•
9th Grade - University
7 questions
Renewable and Nonrenewable Resources
Interactive video
•
4th Grade - University
19 questions
Review2-TEACHER
Quiz
•
University
15 questions
Pre2_STUDENT
Quiz
•
University
20 questions
Ch. 7 Quadrilateral Quiz Review
Quiz
•
KG - University