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WorksheetsMay 18-MMA Sprng Final Rvw
Total questions: 33
Worksheet time: 1hrs 18mins
Name
Class
Date
1.
What is 10% of her $500 budget
a)
$25
b)
$50
c)
$100
d)
50%
2.
What is percent of her budget is her rent?
a)
10%
b)
20%
c)
30%
d)
40%
3.
What percent of her budget is her car payment?
a)
15%
b)
20%
c)
25%
d)
30%
4.
What is percent of her budget is her Phone?
a)
10%
b)
20%
c)
5%
d)
50%
5.
What percent of her budget is her Food?
a)
10%
b)
20%
c)
30%
d)
40%
6.
What is 10% of her $500 budget
a)
$25
b)
$50
c)
$100
d)
50%
7.
What percent of her budget is her Food?
a)
10%
b)
20%
c)
30%
d)
40%
8.
What percent of her budget is her rent?
a)
10%
b)
20%
c)
30%
d)
40%
9.
Net Income
a)
Something you spend your money on.
b)
Money left over after taxes are taken out of your paycheck.
c)
Money before taxes or other expenses are taken out.
d)
Plan for how you will spend your money.
10.
Budget
a)
a plan for how you will spend your money. It includes your income and expenses for a period of time.
b)
your income is equal to your expenses. You don't spend more than you have.
c)
Money you earn before any taxes or other expenses are taken out of your paycheck.
d)
Something you spend your money on.
11.
Car Payment
a)
Fixed Expense
b)
Variable Expense
12.
Restaurant Bill
a)
Fixed Expense
b)
Variable Expense
13.
Car Repair
a)
Fixed Expense
b)
Variable Expense
14.
Rent Payment
a)
Fixed Expense
b)
Variable Expense
15.
Movie Tickets
a)
Fixed Expense
b)
Variable Expense
16.
Phone Bill
a)
Fixed Expense
b)
Variable Expense
17.
Water Bill
a)
Fixed Expense
b)
Variable Expense
18.
The income you have to spend after taxes and deductions are taken out.
a)
endorsement
b)
fixed
c)
net
d)
void
19.
Which of the following is NOT a reason to have a budget?
a)
it is an organized way to save for the future
b)
helps you determine how much you are spending
c)
puts you in control of you financial future
d)
helps you spend more on clothes
20.
The 3 R's an individual should evaluate for most larger sized discretionary purchases.
a)
Reality, Reasoning, Reckoning
b)
Redzone, Rebate, Reality
c)
Reading, Riting, Rithmatic
d)
Reality, Restraint, Responsibility
21.
Florence's monthly take-home pay is $4000, and her monthly rent is $1000. If both her monthly take-home pay and her rent increase by $300, what percentage of Florence's take-home pay will be used to pay rent?
a)
23.3%
b)
25%
c)
30.2%
d)
32.5%
22.
Name this guy.
a)
Jimmy Rotton
b)
Simon Paul
c)
Jeremy Swat
d)
Johnny Bravo
23.
Who is this?
a)
Daisy Duck
b)
Donald Duck
c)
Daffy Duck
d)
Darren Duck
24.
This is something that can quickly be converted to cash
a)
Liquid Asset
b)
Liability
c)
Debt
d)
Real Estate
25.
A debt can also be defined as a
a)
liability
b)
asset
c)
liquid liability
d)
liquid asset
26.
A deficit is
a)
Having more than what was needed
b)
haveing less than was needed
c)
having just enough
27.
Which economic term best describes using money to earn more money?
a)
borrowing
b)
investing
c)
selling
d)
trading
28.
Which form of payment is the most expensive for the buyer?
a)
credit card
b)
debit card
c)
cash
d)
check
29.
I am going to ACE my Final!!!
a)
True
b)
False
30.
the average of a set of numbers
a)
mean
b)
median
c)
mode
d)
range
31.
the middle number in a set of numbers
a)
mean
b)
median
c)
mode
d)
average
32.
the number that occurs most often in a set of numbers
a)
mean
b)
median
c)
mode
d)
range
33.
the difference between the largest and smallest numbers in a set of numbers
a)
mean
b)
median
c)
mode
d)
range
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