Worksheets6 Weeks Review
Total questions: 16
Worksheet time: 24mins
If a store manager has to lower the price of a product, what will happen to his profits? (a)
Raul made some lemonade. He sold it at a lawn sale. He received $4.00. How would you describe what Raul has done?
consuming
volunteering
earning
spending
Which reason best completes the web?
earning
donating
saving
spending
Adults are responsible for earning an income, paying bills, and budgeting their money. What are three examples of expenses that you will need to plan to pay each month? Select three correct answers.
cell phones
groceries
mortgage or rental
clothing
electric
How can someone save money?
Select TWO correct answers.
Dom buys a store brand can of beans instead of the name brand because they are cheaper.
Grace buys two pairs of identical jeans and pays full price for the jeans.
Jaylan forgets the 20% coupon off on a video game at home and decides to buy the game anyway.
Mrs. Stevens uses crayons and pencils from last year.
Claire puts all her money in the bank to pay bills, buy groceries, and eat at McDonald's.
Read the sentences below. Then answer the question that follows.
There is a freeze that ruins half of the oranges in the United States. Farmers can sell only about half as many oranges as they usually do at a higher rate.
This an example of –
services
resources
scarcity
demand
Families must budget their money. They earn it, then spend some of it on ____ (a) __________ like groceries.
What BEST completes the sentence above?
If a man buys a pair of shoes for $15.00 and sells them for $20.00 he will make a —
profit
service
donation
taking your pet to the veterinarian for their annual check-up and vaccines (a)
placing money in a retirement account (b)
making a handmade gift for a friend's birthday party (c)
depositing money in a piggy bank (d)
A store is having trouble selling televisions because people have less money than they had before. In order to sell more televisions, the store should–
make more television
make better television
sell two kinds of televisions
lower the price of the televisions
In which of the following would the price PROBABLY go up?
many stores want to sell the same t-shirt
more people want peaches than there are peaches
more bikes are for sale than there are bikes sold
many coat stores are having sales
What should be included in a budget?
Select TWO correct answers. (a) (b)
Read Lillian's budget for April. Use it to answer the question.
According to the budget, Lillian spent money for all of the following EXCEPT
gifts
movies
parties
toys
Which of the following are examples of donating money?
Select TWO correct answers.
setting up a fundraiser at school to make money to buy new books in the library
buying new clothes and supplies at the beginning of the school year
placing money in the Salvation Army's Red Bucket during the winter holidays
selling gently used old toys, books, and clothes to buy a new PlayStation
having $10 taken out of each paycheck to contribute to a nearby homeless shelter
Which of the following represent ways to spend money?
Select TWO correct answers. (a) (b)
It is a hot day in the summer. You are standing in line to buy a grape snow cone. When it is your turn, the owner says she is out of grape snow cones. This is an example of –
cost
profit
trade
scarcity
