Consumer Mathematics: Financial Management

Which of the following is the correct order of financial management process?

I Carrying out financial plan

II Setting goals

III Reviewing and revising the progress

IV Evaluating financial status

V Creating financial plan

• II, IV, V, I, III

• II, V, IV, III, I

• IV, I, II, V, III

• IV, II, V, I, III

Which of the following is not a key component in the SMART concept for goal setting?

• Measurable

• Time-bound

• Specific

• Goal

A financial plan is failed to be carried out if

• be patience

• be flexible

• be discipline

• spend more than the planned expenses

The table shows part of Encik Yasir's monthy financial plan.

Express p as a percentage of the net income.

• 25%

• 20%

• 15%

• 10%

In February 2020, Mr Patrick received a total income of RM4 500. His monthly fixed expenses and variable expenses are RM2 880 of RMx respectively. There is a negative cash flow of RM620. Calculate the value of x.

• 1 000

• 3 500

• 2 240

• 3 880

Tags

CCSS.7.EE.B.3

Which of the following is not an income?

• Salary

• Bonus

• Allowance

• House monthly installment

Which of the following is a cash outflow?

• Scholarship

• Prize

• Electricity bill

• Wage

Tags

CCSS.7.RP.A.3

Which of the following is a need?

• Food

• Expensive food

• Smart phones

• Large house

Which of the following is an example of want?

• 
• 
• 
• 

Puan Sofea plans to buy a furniture set with the price of RM1 400. She plans to buy it in 4 months from now. Puan Sofea's monthly salary is RM3 500 and she will save RM350 per month to buy the furniture set.

Which of the following sentences refer to the concept of Attainable in SMART approach?

• Puan Sofea's monthly salary is RM3 500

• Puan Sofea's monthly salary is RM3 500 and she will save RM350 per month.

• Puan Sofea plans to buy a furniture set with the price of RM1 400.

• She plans to buy it in 4 months from now.