Mid-Book Test (up to Chapter 5)
|Name: _____________________________||Period: ___________________________|
This test consists of 15 multiple choice and 5 short answer questions.
Multiple Choice Questions
Directions: Circle the correct answer.
1. What is the best method of choosing which expenses to reduce or eliminate?
a) Compare income to expenses on the wall chart.
b) Add up the plusses and minuses on the monthly chart.
c) Use answers to the three questions from Chapter 4.
d) Use answers to the three questions from Chapter 3.
2. What broad category are alcohol and tobacco subcategories of?
a) Occasional expenses.
b) Recreational expenses.
c) Forbidden expenses.
d) Acceptable expenses.
3. What is one of the main economic principles most businesses follow?
a) Growth is good.
b) Going green is good.
c) Debt is good.
d) Technology is good.
4. Where do most products we purchase end up?
This section contains 666 words|
(approx. 3 pages at 300 words per page)