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Financial Management!! (business) Flashcards | StudBud

Explore/Financial Management!! (business)

Financial Management!! (business)

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Questions 10

Answers

1
Which of the following is considered an expense
Recieving a birthday gift
Putting money in a savings account
Getting paid for babysitting
Buying groceries
2
What is income
The money you spend
The money you earn or recieve
The money you hide
The money you borrow
3
A budget is a plan that helps you manage your income and expenses
True
False
4
Which of these is a smart money habit
Saving a little each month
Going on a shopping spree
Never checking your bank account
Borrowing money all the time
5
What is Financial Management
Spending money on fun things
Planning and controlling how money is used
Keeping track on how much others make
Making money by selling random stuff
6
Why is financial planning important
To manage money and prepare for the future
To learn more about history
To avoid making friends
To waste less time
7
What is trade credit
A loan from a bank
Trading credit with someone else
practice of buying goods or services now and paying for them later
Paying with cash only
8
What can happen if you dont manage your money well
You could run out of money
Nothing will happen
You might have more fun
You will go broke
9
What does it mean to save money
Use it all at once
Give it away immediately
Spend it on fun things
Keep some aside for future use
10
Which tool is best for keeping track of your finances
A to-do list
A birthday calendar
A budget planner
A weather app