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WorksheetsCh. 8 Budgets Test
Total questions: 18
Worksheet time: 9mins
To calculate average monthly expenses for a budget category, divide the sum of all expenses in that category by the number of months.
True
False
What is the primary reason for writing a budget?
to calculate net income
to calculate taxable income
to study past spending habits
to help allocate future income
A budget is a future spending plan to help allocate income properly.
True
False
Oftentimes customers can save money by
shopping at convenience stores.
buying items in small quantities.
not taking the time to comparison shop.
buying items in large quantities or from discount stores.
Which of the following items is NOT likely to have a unit price posted on its sale tag?
a can of peas
a VCR
a bag of marshmallows
a 10-pack of AA batteries
Rental companies are likely to rent items to customers for each of the following time periods except
weekly.
hourly.
yearly.
daily.
The unit price is the price of one item or one measure of the item.
True
False
Internet service providers may NOT charge customers for
installation fees.
monthly access fees.
equipment rental fees.
long distance fees.
A company that offers wireless phone service is often referred to as a
carrier.
service provider.
cell district.
wireless firm.
An Internet Service Provider (ISP) is an organization that allows you to connect your home computer system to the Internet.
True
False
Wireless phone companies typically refer to nighttime and weekend hours as
primetime hours.
peak hours.
late hours.
off-peak hours.
The speed of an Internet connection measured in thousands of bits per second has the units kbps.
True
False
Internet service providers typically charge monthly access fees for customers to connect to the Internet.
True
False
The speed of an Internet connection measured in millions of bits per second has the units mbps.
True
False
The number of minutes spent using a cell phone is considered roaming charges.
True
False
If you use a cell phone while traveling, you might have to pay airtime charges.
True
False
Which of the following is NOT a common method of connecting to the Internet?
through a phone line
through a house’s electrical wiring
through a cable connection
via a satellite connection
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
over-budget.
under allocated.
under-budget.
balanced.
