Unit 6: Managing Money To Meet My Goals Question Preview (ID: 51721)


Financial Responsibility. TEACHERS: click here for quick copy question ID numbers.

An estimate of income and expenditure for a set period of time is call a(n)
a) consumer
b) cash flow
c) budget
d) expense

The total amount of money being transferred into and out of a business or household is called a(n)
a) cash flow
b) expense
c) income
d) budget

A person who purchases good and services for personal use is called a(n)
a) consumer
b) expense
c) dependent
d) budget

The process by which business decisions are analyzed, then benefits of a given action are summed, and then the costs associated with that action are subtracted is a(n)
a) cost-benefit analysis
b) cost comparison
c) budget
d) financial advisor

The process of comparing the price of different products or services is a(n)
a) cost comparison
b) budget
c) cost-benefit analysis
d) gross income

Financially sound enough to justify the extension of credit with regards to repayment history and credit score
a) creditworthy
b) budget
c) cash flow
d) depreciation

A person who relies on another, especially for financial support
a) dependent
b) cash flow
c) consumer
d) income

A reduction in the value of an asset with the passage of time
a) depreciation
b) cash flow
c) inflation
d) expense

The cost required for something; the money spent on something
a) expense
b) depreciation
c) cash flow
d) income

A person who is employed to provide financial services or guidance to clients
a) financial advisor
b) dependent
c) expense
d) consumer

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