Budgeting

A budget is _______.

• A grocery list

• A monthly calendar of events

• A plan to manage money

Which budgeting method involves dividing your income into categories such as needs, wants, and savings?

• Zero-based budgeting

• Envelope system

• 50/30/20 rule

• Pay-yourself-first

Which of the following is a benefit of budgeting?

• It guarantees financial success

• It helps avoid unnecessary debt

• It increases your income

• It eliminates all financial risks

Tags

NGSS.HS-ETS1-3

The e process of allocating financial resources in support for programs or projects for a special period of time

• Budgeting

• Budget

• Financial Administration

• Planning

Tags

NGSS.HS-ESS3-2

NGSS.HS-ETS1-3

A balanced estimate of expenditures and receipts for a given period of time

• Budget

• Financial Administration

• Planning

• Organizing

In scientific research, what is the primary purpose of budgeting?

• To ensure all experiments are conducted simultaneously

• To allocate resources efficiently for research activities

• To increase the number of experiments

• To reduce the quality of research

Tags

NGSS.HS-ESS3-2

NGSS.HS-ETS1-3

Which scientific field often requires budgeting for expensive equipment and materials?

• Botany

• Physics

• Literature

• History

Tags

NGSS.HS-ESS3-2

NGSS.HS-ETS1-1

NGSS.HS-ETS1-3

In a laboratory setting, why is budgeting important for purchasing chemicals?

• To buy the most expensive chemicals available

• To ensure safety and compliance with regulations

• To purchase chemicals in bulk only

• To avoid buying any chemicals

Tags

NGSS.HS-ETS1-3

How does budgeting help in managing a scientific research project?

• By eliminating the need for a project timeline

• By ensuring funds are available for all project phases

• By allowing unlimited spending

• By focusing only on the final phase

Tags

NGSS.HS-ETS1-3

What is a common budgeting strategy used in scientific research to handle unexpected expenses?

• Ignoring them

• Allocating a contingency fund

• Cutting all other expenses

• Requesting additional funding immediately