---
title: "AP Business with Personal Finance Guided Practice"
description: "Fiveable has 4,092 AP Business with Personal Finance multiple-choice practice questions across 5 units, plus 209 stimulus-based question sets built around a source. Practice one unit or topic at a time."
canonical: "https://fiveable.me/ap-business/guided-practice"
type: "guided-practice"
subject: "AP Business with Personal Finance"
---

# AP Business with Personal Finance Guided Practice

## Overview

Fiveable has 4,092 AP Business with Personal Finance multiple-choice practice questions across 5 units, plus 209 stimulus-based question sets built around a source. Practice one unit or topic at a time.

## Practice Questions by Unit

- Unit 1 – Businesses, Competition, and New Ideas: 910 multiple-choice questions, 48 stimulus sets
- Unit 2 – Marketing: 864 multiple-choice questions, 50 stimulus sets
- Unit 3 – Personal Saving and Borrowing / Business Finance and Accounting: 1,150 multiple-choice questions, 82 stimulus sets
- Unit 4 – Management and Strategy: 571 multiple-choice questions, 29 stimulus sets
- Unit 5 – Personal Goals, Budgeting, and Investing: 597 multiple-choice questions

## Sample Question

**Savings Plan Review Memo — Fictional Employee at Crestwood Manufacturing**

> Crestwood Manufacturing's HR department prepared this financial summary memo for employee Daria Okonkwo as part of the company's annual "Financial Wellness Review" program.
>
> ---
>
> **CRESTWOOD MANUFACTURING — EMPLOYEE FINANCIAL WELLNESS REVIEW**
> **Employee:** Daria Okonkwo | **Date:** March 1, 20XX
>
> ---
>
> ### Monthly Income
>
> | Item | Amount |
> |---|---|
> | Net take-home pay (salary) | $3,800 |
> | Side-job income (variable) | $0–$400 |
> | **Total estimated monthly income** | **$3,800–$4,200** |
>
> ---
>
> ### Fixed Monthly Expenses
>
> | Item | Amount |
> |---|---|
> | Rent | $1,100 |
> | Car payment | $310 |
> | Health insurance premium | $180 |
> | Utilities (avg.) | $140 |
> | **Total fixed expenses** | **$1,730** |
>
> ---
>
> ### Variable Monthly Expenses
>
> | Item | Amount |
> |---|---|
> | Groceries | $380 |
> | Dining out / entertainment | $420 |
> | Clothing / personal care | $210 |
> | Subscriptions & impulse purchases | $195 |
> | **Total variable expenses** | **$1,205** |
>
> ---
>
> ### Current Savings Activity
>
> | Item | Amount |
> |---|---|
> | Crestwood 401(k) auto-deduction (3% of gross) | $95/mo |
> | Personal savings account deposits | $0/mo |
> | Emergency fund balance | $320 |
> | Savings account APY | 0.50% |
> | Current inflation rate (national estimate) | 4.2% |
>
> ---
>
> ### Daria's Stated Goals
>
> - **Goal 1:** Save $6,000 for a used car down payment within 24 months
> - **Goal 2:** Build a 3-month emergency fund (~$8,805 based on fixed + variable expenses)
> - **Goal 3:** Increase 401(k) contribution to qualify for Crestwood's full employer match (requires 6% contribution)
>
> ---
>
> ### HR Advisor Notes
>
> - Daria's dining/entertainment and impulse-purchase spending ($615/mo combined) exceeds her entire current savings activity.
> - At base income with no variable side work, estimated monthly surplus after all expenses: **$865**. None is currently directed to personal savings goals.
> - The 0.50% savings APY is **below the 4.2% inflation rate**, meaning real purchasing power of any saved funds will decline over time.
> - Crestwood's 401(k) employer match is dollar-for-dollar up to 6% of gross salary; Daria currently contributes only 3%, leaving **$95/month in unmatched employer funds** unclaimed.
> - Side-job income is inconsistent, creating a barrier to relying on it for fixed savings commitments.

Based on Daria's base monthly income and current expenses, what is the minimum monthly allocation required to achieve Goal 1, and how does it compare to her available surplus?

- (A) $250 per month, which consumes less than one-third of her base surplus.
- (B) $250 per month, which requires consistent side-job income to remain feasible.
- (C) $500 per month, which consumes the majority of her discretionary spending.
- (D) $345 per month, which exceeds her combined dining and entertainment budget.

**Answer: (A)** Determining the feasibility of Goal 1 requires calculating the monthly savings rate ($6,000 / 24 months = $250/month) and comparing it to her available cash flow. The HR notes confirm a base surplus of $865 after all fixed and variable expenses are paid. $250 is less than 33% of $865, proving the goal is highly achievable without relying on variable side-job income.

## Related Practice

- [Business Decision FRQ practice: Business Decision question questions scored by part](/ap-business/frqs/business-decision)
- [AP Business with Personal Finance unit tests: a timed practice test for every unit](/ap-business/unit-test)
- [AP Business with Personal Finance full-length practice exams](/ap-business/practice-exams)
- [AP Business with Personal Finance subject hub](/ap-business)

## About This Document

Canonical Fiveable pages are available as Markdown at the same path plus `.md`.

- [llms.txt](https://fiveable.me/llms.txt): index of Fiveable's sections and URL patterns
- [llms-full.txt](https://fiveable.me/llms-full.txt): complete subject and unit listing
- [MCP server](https://fiveable.me/mcp): call Fiveable as tools instead of fetching pages (`https://fiveable.me/api/mcp`)
- [MCP server for AP teachers](https://fiveable.me/mcp/teachers): a teacher's classes, assignments and AP-rubric grading (`https://fiveable.me/api/mcp/teacher`)