Financial Management

Which of the following is/are the financial management process?

• Setting goals

• Evaluating financial status

• Creating financial plan

• Reviewing and revising the progress

• All the above

Which of the following is/are correct?

• short term financial goals can be achieved less than 6 months

• short term financial goals can be achieved less than a year

• long term financial goals usually take more than 3 years

• long term financial goals usually more than 10 years

Which of the following is the wrong key component in SMART financial goals?

• T - Time-bound

• S - Systematic

• A - Achievable

• R - Realistic

• M - Measureable

Which of the following is/are correct?

• Fixed expense - dividends

• Variable expense - rent

• Active income - Allowances

• Passive income - allowances

What has the same meaning as positive cash flow?

• Surplus

• Deficit

Tags

CCSS.6.NS.C.7C

What has the same meaning as negative cash flow?

• Deficit

• Surplus

Tags

CCSS.6.NS.C.7C

Calculate the cash flow for Mr. Rabbani

Active Income : RM3,000

Passive Income : RM350

Fixed Expenses : RM 2,300

Variable Expenses : RM 250

Then, determine whether it is Deficit or Surplus.

• -800 (Deficit)

• 1000 (Surplus)

• 800 (Surplus)

• -1000 (Deficit)

Tags

CCSS.7.NS.A.3

How much is Puan Soffia's monthly saving if she wanted to pay the down payment for a RM650,000 house in six years?

• RM1111.78

• RM1000.78

• RM900.00

• RM902.78

Tags

CCSS.8.EE.C.7B

When do we set aside the money for the 10% savings?

• After engaging the expenses

• Before engaging the expenses

Tags

CCSS.6.RP.A.3B

Which of the following should be considered when developing a long-term financial plan?

• Inflation Rate

• Interest Rate

• Personal Health