Search Header Logo

Budgeting Pretest

Business, Life Skills

9th - 12th Grade

Used 5+ times

Budgeting Pretest
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The only needs you have are food, water, air, and shelter

True

False

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Select the answer that is the most correct.

Setting financial goals are important because...

they will make you financially wealthy.

they will make you more mature.

they help you take the right steps when designing a budget.

they help you manage your assets and liabilities.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The acronym, SMART, stands for...

Specific, Measurable, Attainable, Reliable, and Time-bound

Sales, Marketing, Accounting, Real-estate, and Target Income

Safe, Manageable, Acute, Relatable, Tangible

Spending, Money, At, Right, Times

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Why should you track your spending habits?

Understand how you are making your money.

Understand where your money is going.

Understand the difference between needs and wants.

Understand how supply impacts demand.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Net income is?

The amount of money you receive after payroll deductions

The amount of money you receive before payroll deductions

The money you have leftover after all expenses are payed

The money you have leftover at the end of the year

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A budget is?

A statement of what you own and what you owe

Only practical for families with many expenses

Only for people with full time jobs

A plan for spending and saving based on income and expenses

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The two deductions automatically deducted from your paycheck regardless of claiming status are?

Federal and State

Social Security and Medicare

Public and Private

Property and Federal

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?