Chapter 10 Financial Management Form 4 KSSM

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

• Setting goals

• Evaluating financial status

• Creating financial plan

• Reviewing and revising the progress

• All of the above

SMART concept will help us control our spending to achieve the desired financial goals.

"A" stands for

Mrs Koh wants to buy a ACER laptop for her son.

• Specific

• Measurable

• Attainable

• Realistic

• Time-bound

Mrs Koh wants to buy a ACER laptop for her son after 3 months.

• Specific

• Measurable

• Attainable

• Realistic

• Time-bound

Mrs Alice save RM 950 a month from her monthly income of RM 1600.

• Specific

• Measurable

• Attainable

• Realistic

• Time-bound

Minor house improvement.

• Long-term goal

• Short-term goal

Which of the following is not a short-term financial goal?

• buying a computer

• buying a furniture

• saving for retirement

• settling credit card payment

Which of the following is not a basic need?

• food

• holiday

• clothing

• accomodation

Which of the following is a liability?

• Unit trust

• Bank loan

• Investment

• Fixed deposit

Choose the correct match.

• 1

• 2

• 3

• 4