
DR Budget Test
Authored by Donald Hubbard
Financial Education
12th Grade
Used 2+ times

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60 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Expenses that remain the same from month to month.
Variable
Fixed
2.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Non-essential expenses
Discretionary
Intermittent
3.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
4. The zero-based budget is the best method of budgeting because:
This type of budget is less complicated than other types of budgets
A zero-based budget allows less money for wants
Sticking to a zero-based budget requires less discipline
The zero-based budget ensures that every dollar you make is assigned a specific purpose
4.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
ŹŗPay yourself firstŹŗ means you should assign a portion of your income to saving and investing every month.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Groceries are a:
Fixed Expense
Variable Expense
Discretionary Expense
Intermittent Expense
6.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Which of the following is something that a typical millionaire would do?
Spend less money than he or she makes
lease a new car
replace things that are not broken
carry debt
7.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Online bill pay allows you to make payments to whomever you wish without having to write a check and send it in the mail.
True
False
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