Exam (elaborations)
FINANCE CH 2 TEST QUESTIONS WITH CORRECT ANSWERS
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FINANCE CH 2 TEST QUESTIONS WITH CORRECT ANSWERS
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FINANCE CH 2 TEST QUESTIONS WITHCORRECT ANSWERS
budget gg- ggAnswer gga ggwritten ggplan ggfor gggiving, ggsaving, ggand ggspending
income gg- ggAnswer ggmoney ggreceived ggfrom ggwork, gga gggift, ggor gginvestments
fixed ggexpense gg- ggAnswer ggexpense ggthat ggremains ggthe ggsame ggmonth ggto
ggmonth gg
ex. gg
retirement
child ggsponsorship
variable ggexpense gg- ggAnswer ggexpense ggthat ggvaries ggin ggdollar ggamount ggfrom
ggmonth ggto ggmonth ggbut ggcan ggaccept ggto gghave ggevery ggmonth gg
ex.
utilities gg
gas
intermittent ggexpense gg- ggAnswer ggexpense ggthat ggoccurs ggat ggvarious ggtimes
ggthroughout ggthe ggyear ggand ggtends ggto ggbe gglarge gg
ex.
new ggtires
insurance
discretionary ggexpense gg- ggAnswer ggexpense ggfor ggthings ggyou ggdon't ggneed
ex.
eating ggout
clothes
Zero-Based ggBudget gg- ggAnswer ggA ggcash ggflow ggplan ggthat ggassigns ggan ggexpense
ggto ggevery ggdollar ggof ggyour ggincome, gg
total ggincome-total ggexpenses=zero
net ggincome gg- ggAnswer ggwhat gga ggperson ggearns ggafter ggpayroll ggtaxes ggand ggother
ggdeductions ggare ggtaken ggout; gg(take gghome ggmoney)
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