describe actions that might be taken to balance a budget when expenses exceed income
Track each student's skills and progress in your Mastery dashboards
Give this quiz to my class
Q 1/5
Score 0
This month Mando’s expenses are greater than his income. What are two actions Mando can take in order to balance his budget?
60
Increase expenses and increase income
Decrease expenses and decrease income
Decrease expenses and increase income
Increase expenses and decrease income
Q 2/5
Score 0
The family washing machine broke down and the plumber says it will cost $200 to fix. This $200 repair is not in the budget. How can the budget be adjusted to cover the cost of the repair?
60
Don't spend any money or eat for a week
Only spend money on necessities and restrain from luxuries such as movies and expensive food items then use this money to help pay for the cost.
Wear the same clothes so you don't need to use the washing machine
Buy lots of luxuries and go out for meals and to the movies every week
5 questions
Q.
This month Mando’s expenses are greater than his income. What are two actions Mando can take in order to balance his budget?
1
60 sec
5.10.E: Personal Financial Literacy
Q.
The family washing machine broke down and the plumber says it will cost $200 to fix. This $200 repair is not in the budget. How can the budget be adjusted to cover the cost of the repair?
2
60 sec
5.10.E: Personal Financial Literacy
Q.
Isaac knows he will be spending more money in December. Selling unused personal items a good way to save extra money, true or false?
