Week 3 - Station 8: Business and Financial Literacy Quiz

Week 3 - Station 8: Business and Financial Literacy Quiz

8th Grade

15 Qs

quiz-placeholder

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Week 3 - Station 8: Business and Financial Literacy Quiz

Week 3 - Station 8: Business and Financial Literacy Quiz

Assessment

Quiz

History

8th Grade

Hard

Created by

Thomas Panter

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a common reason for business failure?

Too many customers

Not having enough experience

Excessive marketing

Unique products

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a personal financial plan used for?

To spend all your money

To understand and manage your income and expenses

To avoid paying taxes

To invest in risky stocks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can entrepreneurs lose if their business fails?

Only time

Both time and money

Only money

Nothing at all

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should entrepreneurs be careful with to avoid risking everything they have?

Their competitors

Their personal money and resources

Their marketing strategies

Their product prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the long-term goals a personal financial plan can help achieve?

Buying a small item

Saving for college or a car

Spending all income

Avoiding all expenses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a reason to start a budget when you get your first full-time job?

To increase spending

To keep track of where your money is going

To avoid saving

To eliminate all expenses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the reasons for saving money mentioned in the text?

To buy luxury items

For emergencies

To avoid budgeting

To increase debt

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