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EPP-CPE4 REVIEW

Quiz by Lieshan Bernadit

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20 questions
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  • Q1

    Refers to the management of income and expenses  that affects the family.

    Expense 

    Family Finance

    Income  

    30s
  • Q2

    Refers to the monetary payment received by family members for the goods and services rendered.

    Income

    Expense

    Family Finance

    30s
  • Q3

    Rrefers to the money paid by the family for goods and services that they get.

    Income

    Expense

    Family Finance

    30s
  • Q4

    Which is not a component of a family budget?

    Household Operations

    Playtime

    Medical and Dental

    30s
  • Q5

    Tthis gets the biggest share in the allocation of your family income.

    Food

    Education

    Shelter

    30s
  • Q6

    This is an item that you do not need to buy every day.

    Water

    Food

    Clothing

    30s
  • Q7

    This involves allocating payment for rent of the house or apartment they live in

    Household operations

    Utilities

    Shelter

    30s
  • Q8

    This is an allocated budget for your parent who stays at home or your house helper.

    Utilities

    Household operations

    Shelter

    30s
  • Q9

    This is a separate amount of money that is set aside for emergencypurposes or allotted for something to be bought in the future.

    Question Image
    Users re-arrange answers into correct order
    Jumble
    30s
  • Q10

    Wants are defined as the things that help us survive like food, clothing, and shelter

    false
    true
    True or False
    30s
  • Q11

    Always buy the correct size to avoid unnecessary expenses.

    true
    false
    True or False
    30s
  • Q12

    Knowing the cost of an item before buying it is unnecessary.

    false
    true
    True or False
    30s
  • Q13

    Spending money freely is a cautious approach to financial management.

    false
    true
    True or False
    30s
  • Q14

    Your family should live within the budget to avoid the burden of too many debts.

    true
    false
    True or False
    30s
  • Q15

    ______________ are those that make our life comfortable and enjoyable like television, computers, cell phones, etc.

    Question Image
    Users re-arrange answers into correct order
    Jumble
    30s

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