Budgeting Quiz
Quiz
•
Mathematics
•
6th Grade
•
Practice Problem
•
Medium
+6
Standards-aligned
yvonne graves
Used 13+ times
FREE Resource
Enhance your content
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following may be considered needs EXCEPT ___.
bus fare
groceries
movie ticket
rent
Tags
CCSS.L.1.5A
CCSS.L.1.5B
CCSS.L.K.5A
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is opportunity cost?
the tax that is paid on income
the fees that are paid for education
the value of an alternative you give up
the interest paid on a long-term investment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rent and car insurance payments are both which type of expenses?
fixed costs that are needs
fixed costs that are wants
variable costs that are needs
variable costs that are wants
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A consumer is someone who ___.
makes something
buys something
offers a service
sells a product
Tags
CCSS.RI.6.2
CCSS.RL.5.1
CCSS.RL.6.1
CCSS.RL.6.2
CCSS.RL.7.1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement about variable expenses is true?
Variable expenses include only large costly items.
Variable expenses should not be included in the budget.
Variable expenses include wants but not needs.
Variable expenses are easier to cut than fixed expenses.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of a budget?
to keep track of cash flow
to find new sources of income
to differentiate between wants and needs
to determine the amount of taxes to be paid
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ellis's budget shows a problem. His weekly expenses average $10 more than his earnings. He works 5 days a week and every day on his way to work, he spends $2.50 on hot chocolate. Will cutting out the hot chocolate help Ellis balance his budget?
Yes, and he will have some money left over.
Yes, the amount he saves will balance his budget exactly.
No, Ellis will have to find other places to cut.
Ellis should keep buying the hot chocolate and forget about his budget.
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Susie wants to buy a new dishwasher that costs $500. She has already saved $100. She earns $1,200 a month and her total expenses come to $1,000. She is going to put all of her extra money each month into her savings account for the dishwasher. Assuming her expenses stay the same, how long will it take Susie to save enough money for the dishwasher?
1 month
2 months
3 months
4 moths
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bob is saving for a vacation. He earns $960.00 each month from his job at a fast food restaurant and made an extra $48.00 this month mowing yards. If his monthly expenses are $880.00, how much can he put in his vacation savings account this month?
$32
$48
$112
$128
Tags
CCSS.7.NS.A.3
Similar Resources on Wayground
10 questions
Unit of measurement
Quiz
•
6th Grade
14 questions
Dividing Proper Fractions by Whole Numbers
Quiz
•
5th - 7th Grade
10 questions
2017 6th Math STAAR test review -2
Quiz
•
6th Grade
10 questions
Area and Perimeter GRADE 7
Quiz
•
6th - 8th Grade
12 questions
Winning Wednesday Quiz 6 - Year 6
Quiz
•
6th Grade
13 questions
Readiness Rotation
Quiz
•
6th - 7th Grade
10 questions
Unit conversions (SI/English)
Quiz
•
6th - 10th Grade
10 questions
Coordinate Plane Reflection
Quiz
•
6th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NEASC Extended Advisory
Lesson
•
9th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
Discover more resources for Mathematics
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Adding and Subtracting Integers
Quiz
•
6th Grade
20 questions
Adding and Subtracting Integers
Quiz
•
6th Grade
21 questions
Convert Fractions, Decimals, and Percents
Quiz
•
6th Grade
20 questions
One step Equations
Quiz
•
6th Grade
15 questions
Equivalent Ratios
Quiz
•
6th Grade
20 questions
Understand and Apply Ratios
Quiz
•
6th Grade
20 questions
Adding Integers
Quiz
•
6th Grade