FutureSmart Quiz

A budget includes ______ and ________.

• Income and Money

• Income and Expenses

• Expenses and Debit

• Debit and Credit

A _____ expense is the total amount that does not change, it usually stays the same every month.

• Normal

• Variable

• Fixed

• Constant

What is the definition of opportunity cost?

• The value of the next-best alternative when a decision is made

• The value of the best alternative

• The value of making time for everything

• The value of the next-best alternative when a decision is not made

How do you calculate Unit Price?

• Quality/Quantity

• Price/Quality

• Quantity/Price

• Price/Quantity

Which of the following connects directly to your checking account and does NOT include interest?

• Predebit Card

• Debit Card

• Credit Card

• Stipend

A _________ is known as a loan that includes interest.

• Predebit Card

• Debit Card

• Credit Card

• Stipend

When you receive a bill from your Credit Card you should pay it off in minimum payments to avoid interest.

• True

• False

Income is known as....

• the money received by individuals or businesses

• the money you spend for your business

• the money that is in your savings account

• the money that you use pay your employees