Unit 8: Personal Financial Literacy
Mini-Unit 1: Expenses & Profit
Mini-Unit 1 Quiz
Use this 4th grade math quick check to assess students’ understanding of fixed and variable expenses, budgeting decisions, and profit calculations.
Students will:
• explain the difference between fixed expenses and variable expenses
• identify examples of needs vs. wants in spending decisions
• determine the total cost of producing a product
• calculate profit using cost and sale price
• analyze how pricing decisions impact profit
• explain strategies businesses use to increase profit
Standards:
TEKS: 4.10A, 4.10B
