BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 27

future income and expenses.
the net worth of an organization.
the cash flow of an individual or a family.
debt payment activities.
what an individual or family owes and owns.
Question 19.19. (TCO 1) When a person's actual expenses are less
than planned expenses, this means that
a person or family has a _____.
budget deficit.
negative net worth
budget surplus
positive net worth
net income
Question 20.20. (TCO 1) An example of a variable expense would be
rent.
an installment loan payment.
a monthly parking fee.
a mortgage note payment.
a telephone bill.