Running A Business In The Community- Vocabulary Question Preview (ID: 50583)


Vocabulary. TEACHERS: click here for quick copy question ID numbers.

What is a budget?
a) a shortage of a resource
b) a plan for managing a person’s income and expenses
c) money a person gets from working or selling goods and services
d) setting aside money, earned or given, for future use

What is spending?
a) giving money or goods and services to a charitable organization
b) setting aside money for future use
c) purchasing goods and services to satisfy wants and needs
d) providing a paid service, completing a paid job, interest from saving

What is saving?
a) providing a paid service, completing a paid job, interest from saving
b) giving money or goods and services to a charitable organization
c) purchasing goods and services to satisfy wants and needs
d) setting aside money for future use

What is earning?
a) providing a paid service, completing a paid job, interest from saving
b) setting aside money for future use
c) purchasing goods and services to satisfy wants and needs
d) giving money or goods and services to a charitable organization

What is donating?
a) purchasing goods and services to satisfy wants and needs
b) setting aside money for future use
c) giving money or goods and services to a charitable organization
d) providing a paid service, completing a paid job, interest from saving

Which of these is an example of earning?
a) You go to the mall and buy shoes
b) You work for two weeks, and your boss gives you a paycheck
c) You gather up clothes you don't wear anymore and take them to Goodwill
d) You put the money you have in a piggy bank

Which of these is an example of spending?
a) You put money aside to buy a car
b) You write a check to an organization that helps people
c) You buy a new watch
d) You get money from your mom for your birthday

Which of these is an example of saving?
a) You help your friend clean his house
b) You go to the store to get groceries
c) You put half of your paycheck aside for a new jacket
d) You buy a coke at the movies

Which of these is an example of budget?
a) You save money for a video game
b) You babysit children down the street
c) You use your paycheck to pay bills and expenses
d) You help your friend paint their house

Which of these is an example of donating?
a) You take cans of food to a Food Bank
b) You set aside money to go see a movie
c) You get a new outfit
d) You get money for mowing someone's lawn

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