Question

1. A personal budget is a financial plan that outlines an individual’s expected income and expenses.
A) True
B) False


2. Factors don’t impact a personal budget.
A) True
B) False


3. This refers to additional hours worked beyond the standard working hours, usually compensated at a higher rate.
A) Missing work
B) Non paid leave
C) Hours worked
D) Overtime


4. This refers to time taken off work without receiving compensation.
A) Non paid leave
B) Overtime
C) Missing work
D) Hours worked


5. An increase in monthly bills could include higher costs for utilities, transportation, or other things. This is:
A) Personal budget
B) None of these are correct
C) Unexpected expenses
D) Income expenses

Answer 1

1. A personal budget is a financial plan that outlines an individual’s expected income and expenses.
**A) True**

2. Factors don’t impact a personal budget.
**B) False**

3. This refers to additional hours worked beyond the standard working hours, usually compensated at a higher rate.
**D) Overtime**

4. This refers to time taken off work without receiving compensation.
**A) Non paid leave**

5. An increase in monthly bills could include higher costs for utilities, transportation, or other things. This is:
**C) Unexpected expenses**