wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Ch. 8 Budgets Test

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

To calculate average monthly expenses for a budget category, divide the sum of all expenses in that category by the number of months.

a)

True

b)

False

2.

What is the primary reason for writing a budget?

a)

to calculate net income

b)

to calculate taxable income

c)

to study past spending habits

d)

to help allocate future income

3.

A budget is a future spending plan to help allocate income properly.

a)

True

b)

False

4.

Oftentimes customers can save money by

a)

shopping at convenience stores.

b)

buying items in small quantities.

c)

not taking the time to comparison shop.

d)

buying items in large quantities or from discount stores.

5.

Which of the following items is NOT likely to have a unit price posted on its sale tag?

a)

a can of peas

b)

a VCR

c)

a bag of marshmallows

d)

a 10-pack of AA batteries

6.

Rental companies are likely to rent items to customers for each of the following time periods except

a)

weekly.

b)

hourly.

c)

yearly.

d)

daily.

7.

The unit price is the price of one item or one measure of the item.

a)

True

b)

False

8.

Internet service providers may NOT charge customers for

a)

installation fees.

b)

monthly access fees.

c)

equipment rental fees.

d)

long distance fees.

9.

A company that offers wireless phone service is often referred to as a

a)

carrier.

b)

service provider.

c)

cell district.

d)

wireless firm.

10.

An Internet Service Provider (ISP) is an organization that allows you to connect your home computer system to the Internet.

a)

True

b)

False

11.

Wireless phone companies typically refer to nighttime and weekend hours as

a)

primetime hours.

b)

peak hours.

c)

late hours.

d)

off-peak hours.

12.

The speed of an Internet connection measured in thousands of bits per second has the units kbps.

a)

True

b)

False

13.

Internet service providers typically charge monthly access fees for customers to connect to the Internet.

a)

True

b)

False

14.

The speed of an Internet connection measured in millions of bits per second has the units mbps.

a)

True

b)

False

15.

The number of minutes spent using a cell phone is considered roaming charges.

a)

True

b)

False

16.

If you use a cell phone while traveling, you might have to pay airtime charges.

a)

True

b)

False

17.

Which of the following is NOT a common method of connecting to the Internet?

a)

through a phone line

b)

through a house’s electrical wiring

c)

through a cable connection

d)

via a satellite connection

18.

After working with your budget for several months, you find that you are spending less in several categories than what was budgeted. This is referred to as being

a)

over-budget.

b)

under allocated.

c)

under-budget.

d)

balanced.