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4.10AB Financial Literacy Flashcards | StudBud

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How do you know if you made a profit in your business?

What are bills called that are the same amount each month?

4.10AB Financial Literacy

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STAAR review for #4.10AB

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Questions 8

Answers

1
What are bills called that are the same amount each month?
fixed expenses
emergency expenses
rainy day expenses
variable expenses
2
How do you know if you made a profit in your business?
All of the above
You sell all your items you have in your store
Your sales are greater than your expenses.
You feel like you're making a lot of money
3
Which is a variable expense?
mortgage (house) payment each month
car payment
gas for the car
Netflix payment each month
4
Mary bought 2 dolls for $10 each. She sold them to Sally for $13 each. What was her profit?
$3
$6
$26
$20
5
What are expenses called that may change from month to month?
fixed expenses
variable expenses
emergency expenses
rainy day expenses
6
Which of the following is a fixed expense?
cup of coffee from Starbucks
car payment each month
candy bar each day
going to the movies
7
Kim paid $45 for a bike and spent $12 on tires. She sold it for $60. Did she make a profit?
Yes
No
8
Which of the following is true about banks?
All of the above
Money can be withdrawn from banks online
Banks are businesses and loan money to others to make money
They are the safest place to save money