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Budgeting Terms and Names

Authored by Joseph D'Amelia

Mathematics

11th Grade

CCSS covered

Budgeting Terms and Names
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is opportunity cost?

The total amount of money you earn

The value of the next best alternative you give up

The cost of everything you buy

The money you save for the future

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of opportunity cost?

Choosing between two favorite TV shows

Buying new shoes instead of saving for a concert ticket

Comparing prices at different stores

Making a list of expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of a need?

A) A video game

B) Designer clothes

C) Groceries

D) Movie tickets

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a want?

Rent

Water bill

A smartphone upgrade

Basic food

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget is best described as:

A way to calculate income tax

A plan for income and expenses

A loan agreement

A list of purchases

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following counts as income?

Monthly rent

Paycheck from a part-time job

Grocery bill

Car payment

Tags

CCSS.3.OA.D.9

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered an expense?

Stock dividends

Birthday money from relatives

Rent payment

Salary

Tags

CCSS.6.RP.A.3B

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