Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
PF 8.03
Test Description: 8.03 questions and vocab
Instructions: Answer all questions to get your test result.
1) Chris entered the amount of income and expenses he expected to have in his spending plan spreadsheet for the current month. What step in the spending plan process should Chris do
A
Implement the spending plan
B
Set smart financial goals
C
Evaluate how well the spending plan worked
D
Organize a recordkeeping format
2) Jane recorded $200 in total actual income and $300 total actual expenses in July. What is Jane’s net gain or net loss for July?
A
Net loss of $100
B
Net gain of $100
C
Net loss of $500
D
Net gain of $500
3) In December Barb spent 200 on gifts withdrew 300 from her savings account gave her mom 250 to help with household expenses spent 125 for new winter clothes and earned 350 expenses?
A
$1,225
B
$575
C
$675
D
$875
4) What is an income?
A
An expense that is not due by a certain date and is easy to reduce or eliminate
B
Money earned---from wages, salaries, tips, withdrawals from savings, interest earnings, scholarships
C
Money spent---for both fixed and flexible expenses; an expenditure
D
An expense that is due by a certain date, often agreed upon in a contract, and difficult to change i
5) What is an expense?
A
An expense that is due by a certain date, often agreed upon in a contract, and difficult to change i
B
Money spent---for both fixed and flexible expenses; an expenditure
C
Money earned---from wages, salaries, tips, withdrawals from savings, interest earnings, scholarships
D
An expense that is not due by a certain date and is easy to reduce or eliminate
6) What is a fixed expense?
A
An expense that is due by a certain date, often agreed upon in a contract, and difficult to change i
B
Money spent---for both fixed and flexible expenses; an expenditure
C
An expense that is due by a certain date, often agreed upon in a contract, and difficult to change i
D
Money earned---from wages, salaries, tips, withdrawals from savings, interest earnings, scholarships
7) What is a spending plan?
A
Tracking expenses in a checkbook register divided into spending plan categories
B
A financial goal that states exactly WHEN the goal needs to be reached
C
A financial statement used to track expenses from day to day
D
Make realistic decisions and estimates for categories of the spending plan
8) What is a check register system?
A
Make realistic decisions and estimates for categories of the spending plan
B
A financial statement used to track expenses from day to day
C
A financial goal that states exactly WHEN the goal needs to be reached
D
Tracking expenses in a checkbook register divided into spending plan categories
9) What is a measurable financial goal?
A
A financial goal that gives an exact dollar amount
B
A financial goal that states exactly what is to be done with money
C
A financial goal that states exactly WHEN the goal needs to be reached
D
A financial goal that states exactly what is to be done with money
10) What is a time-bound financial goal?
A
A financial goal that states exactly WHEN the goal needs to be reached
B
A financial goal that states exactly what is to be done with money
C
A financial goal that gives an exact dollar amount
D
A financial goal that states exactly what is to be done with money
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?