Budgeting Terms Quiz

What is a plan for managing income, expenses, and savings over a specific period called?

• Revenue

• Budget

• Expenses

• Savings

What term describes the total amount of income generated from various sources before any expenses are deducted?

• Revenue

• Budget

• Expenses

• Savings

What are the costs incurred in the process of generating revenue, including both fixed and variable costs, called?

• Revenue

• Budget

• Expenses

• Savings

What is the portion of income not spent on current expenses and set aside for future use called?

• Revenue

• Budget

• Expenses

• Savings

What is the act of allocating money into financial schemes, shares, or property with the expectation of achieving a profit called?

• Giving

• Investing

• Budgeting

• Saving

What is the act of providing resources, such as money, to others without expecting anything in return, often as a donation, called?

• Giving

• Investing

• Budgeting

• Saving

What is a digital document, such as Google Sheets, used for organizing, analyzing, and storing data in tabular form called?

• Formula

• Cell

• Spreadsheet

• Sheet

What is a mathematical equation used in spreadsheets to perform calculations automatically called?

• Formula

• Cell

• Spreadsheet

• Sheet

What is the intersection of a row and a column in a spreadsheet where data is entered called?

• Formula

• Cell

• Spreadsheet

• Sheet

What is a single page within a spreadsheet file where data is organized and analyzed called?

• Formula

• Cell

• Spreadsheet

• Sheet