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Unit 4 Budgeting_Lesson1

Total questions: 9

Worksheet time: 10mins

Name
Class
Date
1.

Goods or Services that make people comfortable or happy but are not needed for their survival.

a)

Needs

b)

Expenditures

c)

Wants

d)

Impulse buying

2.

Goods or Services that make people comfortable or happy but are not needed for their survival.

a)

Needs

b)

Expenditures

c)

Wants

d)

Impulse buying

3.

A plan that can be accomplished within 3 months to a year.

a)

Short Term Goal

b)

Long Term Goal

c)

Needs

d)

Wants

4.

A good or service a person can not live without in order to survive.

a)

Want

b)

Need

c)

Impulse Buying

d)

Expenditures

5.

A plan that typically takes longer than a year to accomplish.

a)

Want

b)

Need

c)

Short Term Goal

d)

Long Term Goal

6.

Something that is bought due to the pressure of advertising.

a)

Expenditure

b)

Need

c)

Impulse Buying

d)

Want

7.

Money that is spend on things such as goods and services or even a bill.

a)

Expenditures

b)

Impulse Buying

c)

Needs

d)

Wants

8.

What is one of your long term goals in life? This is something that typically will take longer than a year to accomplish.

4 lines
9.

What is one of your short term goals. These are typically accomplished within 3 months to a year.

4 lines