MCQ Questions
Q.1.
Heating and cooling costs might vary considerably.
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    From what part of income should someone take savings?
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    Paying for transportation to and from work is an example of
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    When should fixed and variable monthly budgeted expenses first be planned?
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    Why might variable expenses change a great deal at different times of year?
Q.2.
Fixed expenses are required and constant, but variable expenses are more flexible.
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    What is most likely the reason variable expenses should be planned after fixed expenses?
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    When should fixed and variable monthly budgeted expenses first be planned?
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    Why might variable expenses change a great deal at different times of year?
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    Which is the best way to achieve long-term financial goals?
Q.3.
what otherwise would be discretionary income
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    Why might variable expenses change a great deal at different times of year?
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    Paying for transportation to and from work is an example of
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    From what part of income should someone take savings?
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    Which is the best way to achieve long-term financial goals?
Q.4.
actual
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    When creating a budget, you must track both your budgeted expenses and your _____ expenses
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    When should fixed and variable monthly budgeted expenses first be planned?
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    What is most likely the reason variable expenses should be planned after fixed expenses?
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    Why might variable expenses change a great deal at different times of year?
Q.5.
NOT a variable expense or discretionary expense
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    Which is the best way to achieve long-term financial goals?
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    Paying for transportation to and from work is an example of
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    Why might variable expenses change a great deal at different times of year?
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    From what part of income should someone take savings?
Q.6.
earn more money.
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    Why is net income lower than gross income?
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    Which is the best way to achieve long-term financial goals?
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    To change gross income, someone would need to
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    Which is an example of an income deduction?
Q.7.
Save more money from net income.
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    Which is the best way to achieve long-term financial goals?
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    Which is an example of an income deduction?
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    Paying for transportation to and from work is an example of
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    To change gross income, someone would need to
Q.8.
a piece of furniture.
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    What effect would a tax increase have on income?
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    Which is an example of an income deduction?
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    A short-term financial goal might include saving for
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    To change gross income, someone would need to
Q.9.
fixed
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    Which is the best way to achieve long-term financial goals?
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    n expense that is constant each month is called a _____ expense
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    Paying for transportation to and from work is an example of
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    When creating a budget, you must track both your budgeted expenses and your _____ expenses
Q.10.
retirement savings
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    To change gross income, someone would need to
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    Which is an example of an income deduction?
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    Why is net income lower than gross income?
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    Which is the best way to achieve long-term financial goals?
Q.11.
uses money in a way that will increase its value in the future.
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    Why is net income lower than gross income?
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    When a person invests income, he or she
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    In order to stay on track for long term financial goals, money for emergency spending should be taken first from your
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    n expense that is constant each month is called a _____ expense