Financial Management Quiz

Late installment payment will lead to additional interest charges and late payment penalty.

• True

• False

Examples of cash outflows

• Salaries , dividen

• Electricity , rent

• Allowances , investment

• interest, housebloan

Asyraf have fixed expenses RM 1000 and variable expenses RM 300 , so total there are RM 1300 total cash inflows

• True

• False

Tags

CCSS.7.NS.A.1B

1. Setting goals

2. Evaluating financial status

3. Creating financial plan

4. ____________ out financial plan

5. Reviewing and revising the progress

Tags

CCSS.RI.11-12.5

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.7.5

CCSS.RI.8.5

Choose the correct way to review and revise progress of a financial plan.

• Financial management does not need regular review.

• Review effects financial management on regular basis

• Ask older people

• Budget made must be followed despite the changing in income and needs

What is SMART goal?

• Systematic, Manageable , Attainable , Relevant , Time-bound

• Specific, Measurable , Attainable, Relevant, Time-bound

Short term financial goals can be achieved in less than a year and does not involve in a large amount of money.

• False

• True