Market Value is __________.

The value of your household assets if you sold them today

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Bus Math Chapter 3 Budget Quiz

18 termsStudBud Administration112 plays

practice for chapter 3 testing

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Questions 18

Answers

1
car payment
annual expense
fixed expense
living expense
not an expense
2
A stock is________.
certificate that represents money you owe to a firm
certificate that represent ownership in a firm
a firms market rate
certificate that you get for finishing school
3
Life insurance
living expense
fixed expense
annual expense
not an expense
4
Emergency Fund
fixed expense
living expense
annual expense
not an expense
5
Items you spend money on are also known as___________.
assets
expenditures
extras
liabilities
6
Electricity Bill
fixed expense
not an expense
annual expense
living expense
7
Dinning out goes under which section of the budget sheet?
household expense
rent and mortgage
entertainment
personal spending
8
If you earn $3200 in a month and paid 25% deductions, what is your net income for the month?
$2200
$800
$2400
$4050
9
Heating Bill
living expense
fixed expense
annual expense
not an expense
10
personal loan
living expense
annual expense
not an expense
fixed expense
11
____________ is a way for you to manage your money.
Recordkeeping
Saving Account
Living Expense
Expenditures
12
A bond is ________.
money you get today
market value
a promise to repay you money in the future
a promise to pay money you owe
13
Tolls and Gas
annual expense
living expense
fixed expense
not an expense
14
The difference between what you forecast to happen and what actually happened is ________.
forecasting the weather
forecasting error
forefront error
error maximization
15
Joe's weekly pay is $420. She pays 5.4% state taxes. How much money was deducted for state tax?
$122.68
$250.55
$54.00
$22.68
16
Gross income minus total deductions.
gross worth
net income
gross income
net worth
17
This is used to record your expenses on a monthly basis __________
finance sheet
finance recorded
budget show
budget sheet
18
Market Value is __________.
money you lend to someone
money market account
the future value of your total assets
The value of your household assets if you sold them today

Bus Math Chapter 3 Budget Quiz Flashcards | StudBud

Bus Math Chapter 3 Budget Quiz

18 termsStudBud Administration112 plays

practice for chapter 3 testing

Flashcards18 cardsFPractice quizPHost liveL

Questions 18

Answers

1
car payment
annual expense
fixed expense
living expense
not an expense
2
A stock is________.
certificate that represents money you owe to a firm
certificate that represent ownership in a firm
a firms market rate
certificate that you get for finishing school
3
Life insurance
living expense
fixed expense
annual expense
not an expense
4
Emergency Fund
fixed expense
living expense
annual expense
not an expense
5
Items you spend money on are also known as___________.
assets
expenditures
extras
liabilities
6
Electricity Bill
fixed expense
not an expense
annual expense
living expense
7
Dinning out goes under which section of the budget sheet?
household expense
rent and mortgage
entertainment
personal spending
8
If you earn $3200 in a month and paid 25% deductions, what is your net income for the month?
$2200
$800
$2400
$4050
9
Heating Bill
living expense
fixed expense
annual expense
not an expense
10
personal loan
living expense
annual expense
not an expense
fixed expense
11
____________ is a way for you to manage your money.
Recordkeeping
Saving Account
Living Expense
Expenditures
12
A bond is ________.
money you get today
market value
a promise to repay you money in the future
a promise to pay money you owe
13
Tolls and Gas
annual expense
living expense
fixed expense
not an expense
14
The difference between what you forecast to happen and what actually happened is ________.
forecasting the weather
forecasting error
forefront error
error maximization
15
Joe's weekly pay is $420. She pays 5.4% state taxes. How much money was deducted for state tax?
$122.68
$250.55
$54.00
$22.68
16
Gross income minus total deductions.
gross worth
net income
gross income
net worth
17
This is used to record your expenses on a monthly basis __________
finance sheet
finance recorded
budget show
budget sheet
18
Market Value is __________.
money you lend to someone
money market account
the future value of your total assets
The value of your household assets if you sold them today