Budget -Terminology and Definition

Froggy Jumps

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This game supports extension learning of terminology used for student in Economics and Business with the car case study.

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Larni

México

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Budget -Terminology and Definition


Froggy Jumps Budget -Terminology and DefinitionVersión en línea This game supports extension learning of terminology used for student in Economics and Business with the car case study. por Larni 1 What is a budget? a A financial plan to manage income and expenses b A financial plan to only paying expenses c A financial plan to avoid paying taxes 2 A process for a car to legally be driven on public roads a Contract b Registration c Insurance 3 What does the term cost mean? a Price of expenses b Price of goods and services c Price of fuel 4 What is the term used when the cars worth has decreased? a Value b Appreciation c Depreciation 5 Money received from work, goods, services and investments is considered what? a Savings b Earning and Income c Financial expense 6 What is Fuel efficiency? a The amount of money it costs to service a car b The amount of money it costs to maintain a car c The amount of money a car costs to travel from place to place 7 What is insurance covers both drivers for damages and injuries? a Comprehensive b Third Party c Contents 8 What is a service on a car? a A wash of the inside and outside of the car b An oil and water check to ensure they are filled c A routine check to ensure the car is in overall good condition 9 Define money used to purchase goods and services a Spending b Saving c Debt 10 Describe - value of a car a The brand, make and model of a car b The current worth of a car if it were up for resale c The original purchase price of the car 11 Thomas puts part of his income away in the bank for future use. This is called? a Saving b Investing c Spending 12 Katie has a new car. She brought it for $20,000. After 2 years she sold her car for $16,000 What happened to the value of Katies car? a Katies car appreciated by $4000 b Katie earned $16000 from her investment c Katies car depreciated by $4000 13 Jade brought a used car. The value of the car was less than it would cost to fully insure the car. It would be more cost effective for Jade to... a Have third party insurance b Have full comprehensive insurance c Have no insurance 14 Tony needs to pay his registration to be able to... a Be able to drive his car b Legally drive his car on public roads c Drive his car around his farm 15 Kai would like to buy a new car. What type of plan should she create to save money to purchase a car? a A financial budget plan b A strategic budget plan c An earning budget plan 16 Beau is selling his car. The resale value will depend on... a The current value of the car b How long Beau had the car c The kilometres and paint job of the car 17 Tana has brought a brand new car with extra features. When considering insurance, Tana should consider.... a Comprehensive insurance b Third party insurance c Consider trading her car for a cheaper car and third party insurance

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Budget -Terminology and Definition

Froggy Jumps

Sobre esta actividad

Creada por

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Budget -Terminology and DefinitionVersión en línea

por Larni

What is a budget?

A process for a car to legally be driven on public roads

What does the term cost mean?

What is the term used when the cars worth has decreased?

Money received from work, goods, services and investments is considered what?

What is Fuel efficiency?

What is insurance covers both drivers for damages and injuries?

What is a service on a car?

Define money used to purchase goods and services

Describe - value of a car

Thomas puts part of his income away in the bank for future use. This is called?

Katie has a new car. She brought it for $20,000. After 2 years she sold her car for $16,000 What happened to the value of Katies car?

Jade brought a used car. The value of the car was less than it would cost to fully insure the car. It would be more cost effective for Jade to...

Tony needs to pay his registration to be able to...

Kai would like to buy a new car. What type of plan should she create to save money to purchase a car?

Beau is selling his car. The resale value will depend on...

Tana has brought a brand new car with extra features. When considering insurance, Tana should consider....