PHS EPF Unit 2 Vocab

PHS EPF Unit 2 Vocab

9th - 12th Grade

28 Qs

quiz-placeholder

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PHS EPF Unit 2 Vocab

PHS EPF Unit 2 Vocab

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Alisa Detrick

Used 39+ times

FREE Resource

28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Things an individual does not have to have in order to survive, but could give the person a higher quality of life.

Net Worth

Wants

Needs

variable expenses

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Too much of an item in stock.

Deficit

surplus

macroinventory

product loss

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The total asset and cash an individual has minus their liabilities.

Net Worth

Net pay

Gross pay

Income

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What an individual gives up to have something else

Wants

Needs

opportunity cost

surplus

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

SMART goals are:

Smart, Realistic, Attractive, and Transparent

Smart, Measurable,

Attainable, Reliable, and Time oriented.

Specific, Movable, Attractive, Realistic and Time oriented

Specific, Measurable, Attainable,Realistic, and Time oriented.

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The amount of money an individual may receive back from the IRS after they file their taxes.

Tax Refund

Trade off

Income Tax

Windfall Income

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Items and money an individual is allowed to claim on their taxes to help lower their taxable income. Items could include donations, new energy purchases

Tax write off

Tax Domination

Tax Deductions

Tax refund

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