WorksheetsEVERFI SMART SHOPPING 100% RIGHT
Total questions: 10
Worksheet time: 5mins
If you know the unit prices of two different brands of an item you are better able to?
Compare the prices of the two brands.
Estimate how much of the item you will need.
Determine which of the two brands is higher quality.
Figure out the discount during a sale on the two item.
Your friend's parents are worried about going over their budget for the month. Which expense would you suggest is NOT a need?
rent payment
cable service
car insurance
groceries
what should you include for a budget of a business
income but not variable expenses
fixed expenses but not income
all income and expenses
fixed income and expenses but not taxes
You are going to buy a computer, but first you want to do some research to help you select the best model for your need. Where should you look for the fairest and most reliable information?
Advice from a salesperson in a computer store who earns commissions on sales.
The website of a popular computer company.
An independent consumer education website that reviews and rates computers.
Advertisements that a computer company puts in a computer magazine.
Which of the following is not true of a budget
Budgets help you plan how to spend your money
Budgets include birth expenses and income
A budget can include donations
Once you finish making your budget, you should not change it.
you received 50 dollars for your birthday, and you choose to spend it on new wallpaper for your room. the opportunity cost of decision is
the price of wallpaper you bought
the time you could have spent doing other things
the other items you could have got with 50
all if these
Select the answer that best describes opportunity cost:
The amount of money you put into savings every year.
The amount of money a business makes every year from sales.
What you gain as a result of choosing one option versus another;a benefit.
What you give up as a result of choosing one option versus another;a trade-off.
Which of the following would be a considered a want rather than a need for most people?
warm clothes for winter
food
phone
place the live
Which of the following is a variable expense for many adults?
Their monthly payment for health insurance.
Their monthly cost of eating out at restaurants.
Their monthly rent payment.
The monthly payment on the car loan.
Which of the following is NOT a successful budgeting strategy?
Keep some extra money in your budget for emergencies
Think about which items are your most important needs
Pay with a credit card if you have a hard time sticking to a budget
Revisit your budget regularly and make adjustments
