H.E. Reviewer 1 of 3
Authored by Joel Sabuero
Other
6th Grade
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is an example of a material resource that a family may have?
Time management skills
Emotional support from friends
A car for transportation
A strong work ethic
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following is an example of a nonmaterial resource that a family may need?
Money for rent and bills
Food and clothing
Access to healthcare services
Education and knowledge
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is a source of family income?
Time management skills
Emotional support from friends
Wages from a job
Good health habits
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is an example of a basic need that should be included in a family's budget?
Entertainment expenses
Travel expenses
Food and clothing expenses
Luxury items expenses
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of having a savings/emergency budget in a family's budget plan?
To have extra money to spend on luxury items
To have money set aside for unexpected expenses or emergencies
To have a budget for social activities and events
To have money set aside for vacation expenses
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the first step in preparing a feasible and practical budget?
Setting financial goals
Identifying sources of income
Tracking expenses
Creating a savings plan
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of tracking expenses in a family's budget plan?
To identify areas where the family can cut back on spending
To ensure that the family is spending all their income
To increase the family's income
To create a savings plan for the family
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