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PF: Quiz 2-1

Total questions: 15

Worksheet time: 45mins

Name
Class
Date
1.

What is money made through wages, allowances, etc. called?

a)

Income

b)

Expense

c)

Debt

d)

Loan

2.

A spending and saving plan based on expected income and expenses is called:

a)

Budget

b)

Invoice

c)

Receipt

d)

Loan

3.

Income from wages, investments, gifts, etc. is known as:

a)

Cash Inflow

b)

Cash Outflow

c)

Liability

d)

Expense

4.

Expenses or items that you spend money on are called:

a)

Cash Outflow

b)

Cash Inflow

c)

Assets

d)

Liabilities

5.

Which of the following lets you purchase what you need?

a)

Budget

b)

Income

c)

Cash Outflow

d)

Ethics

6.

Which needs to be carefully managed to avoid running out of money?

a)

Income

b)

Budget

c)

Cash Inflow

d)

Job Description

7.

If cash inflow is greater than expenses, you are in:

a)

Bad shape

b)

Good shape

8.

If cash outflow is greater than income, you are in:

a)

Good shape

b)

Bad shape

9.

Tells you what a job will be like, includes tasks performed and skills needed, lists hours and pay range, and helps you determine if a job is 'right' for you. This is called:

a)

Job Description

b)

Job Interview

c)

Job Application

d)

Job Reference

10.

People you know who may be able to help you get a job are called:

a)

Contacts

b)

Employers

c)

Applicants

d)

Managers

11.

Set of moral values people consider to be acceptable is called:

a)

Ethics

b)

Culture

c)

Law

d)

Tradition

12.

Many jobs are spread by:

a)

Social media

b)

Word of mouth

c)

Job descriptions

d)

Ethics

13.

Employers may check your social media when deciding to hire you.

a)

True

b)

False

14.

If a job does not fit with your ethics, you will not be happy with it.

a)

True

b)

False

15.

This month Mando’s expenses are greater that his income. What are two actions Mando can take in order to balance his budget?

Mando can​ (a)   expenses and ​ (b)   income.

Choose from the below words
decrease
increase