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

• Measurable

• Time-bound

• Specific

• Aim

Which of the following is/are correct?

• Fixed expense - dividends

• Variable expense - rent

• Active income - Allowances

• Passive income - allowances

Calculate the cash flow for Miss Sorayya.

Active Income : RM3,300

Passive Income : RM300

Fixed Expenses : RM 1,800

Variable Expenses : RM 250

Write down your answer without the (RM)

Tags

CCSS.7.NS.A.1D

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

Among the following individuals, who sets the SMART goals?

• Puan Hadirah intends to buy a laptop which costs RM3,000 as a birthday gift for her son. Therefore, she plans to save RM300 a month for ten months

• Mr Hazry is a teacher with an income of RM3,000 and plans to get married in two years' time. The wedding expenses are estimated to be RM30,000. Therefore, he wants to save RM1,000 a month for a period of two years. Besides that, she also plans to get a loan for the wedding expenses.

• Miss Hazwanyza wants to buy a house worth RM200,000 if she has sufficient amount of money

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 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