Twitches Financial literacy

Question 1

What are expenses that vary depending on the amount of goods a company decides to make?

Accepted Answer

Variable Cost

Question 2

What type of goals are best to have when you are dealing with finances?

Accepted Answer

long term goals, short term goals, intermediate term goals

Question 3

______ vs _____ : something you have to have vs something you would like to have.

Accepted Answer

Needs vs Wants

Question 4

Estimating how much money you’re going to spend and make over a certain period of time is….?

Accepted Answer

Budgeting

Question 5

Money Alexandria set aside for a situation like the loss of a job or expenses to fight the forces of darkness….

Accepted Answer

An Emergency Fund

Question 6

Which phrase is used to describe how putting all your money in one place is a risky decision?

Accepted Answer

Don’t put all your eggs in one basket.

Question 7

____ ____ is the loss of the benefits you could have received by taking an alternative action.

Accepted Answer

Opportunity Cost

Question 8

What does the phrase "Pay Yourself First" mean?

Accepted Answer

Having money go from your paycheck to asavings account first

Question 9

A _____is an expense that does not change with the increase or decrease of money that is made.

Accepted Answer

fixed cost

Question 10

A deficit is….?

Accepted Answer

How much a resource falls short of a goal i.e less $$$ made

Questions 10