Chapter 3: Budgeting

Chapter 3: Budgeting

10th - 12th Grade

35 Qs

quiz-placeholder

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Chapter 3: Budgeting

Chapter 3: Budgeting

Assessment

Quiz

Life Skills

10th - 12th Grade

Easy

Created by

Tara Wirt

Used 58+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Writing and following a zero-based budget will help you avoid overspending and impulse purchases.

true

false

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The zero-based budget is the best method of budgeting because:

This type of budget is less complicated than other types of budgets

The zero-based budget ensures that every dollar you make is assigned a specific purpose

A zero-based budget allows less money for wants

Sticking to a zero-based budget requires less discipline

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Series of envelopes that are divided into categories and are used to store cash for planned monthly expenses.

envelope system

check carbon

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses that remain the same from month to month.

variable

fixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Groceries are a

fixed expense

discretionary expense

variable expense

intermittent expense

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Eating out is a

fixed expense

discretionary expense

variable expense

intermittent expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your monthly budget should include

fixed expense

discretionary expense

variable expense

all of the these

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