Personal Finance - Everfi Future Smart

Personal Finance - Everfi Future Smart

Assessment

Assessment

Created by

Glenn Dukes

Business

8th Grade

783 plays

Hard

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48 questions

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1.

Multiple Choice

30 sec

1 pt

Which of the following would be considered a want rather than a need for most people?

Warm clothes in the winter

A place to live

A smartphone

Nutritious food

2.

Multiple Choice

45 sec

1 pt

Select the answer that best describes what an opportunity cost is:

The amount of money you put into savings each year

The trade-off of making one choice and giving up a different choice

The amount of money a business makes every year from sales

The benefit you gain by choosing one option versus another

3.

Multiple Choice

45 sec

1 pt

You are creating a budget for your new business. What should you include?

All income and expenses

Fixed expenses but not income

Income but not variable expenses

Fixed and variable expenses but not taxes

4.

Multiple Choice

45 sec

1 pt

Which of the following is a variable expense for many adults?

Their monthly cost of eating out at restaurants

Their monthly rent payment

The monthly payment on their car loan

Their monthly payment for health insurance

5.

Multiple Choice

45 sec

1 pt

Your friend’s parents are worried about going over their budget for the month. Which expense would you suggest is NOT a need?

Rent payment

Car insurance

Cable service

Groceries

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