QUIZ: Financial Management KSSM F4

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 the key components of SMART financial goals?

• Salary

• Measurable

• Attainable

• Realistic

• Time-bounded

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 an example of variable expenses?

• Housing loan installment

• Petrol expenses

• Insurance premiums

• Car installment

Which of the following is/ are fixed expenses?

• Insurance payments

• Rent

• House installments

• Petrol expenses

• Electricity bill

Choose the examples of long-term financial goals.

• savings for retirement

• medical

  expenses

• Save for children’s education

• All of the above

Ali is going to finish his study soon. He wants to start working to let his parents live a comfortable life. Which of the following is a specific goal for his aim using the SMART approach?

• Earn a lot of money to buy a big house for his parents.

• Set up his own business so that he can have a million in 5 years.

• Find a job with a salary of RM2 500 each month so that he can give RM1 000 to his parents as a monthly allowance.

• Find a job with a salary above RM3 000 every month. Then, invest the money in an equity fund that yields a high return. The interest earned from the investment will be used for his parents’ retirement.

Which of the following is correct?

• Positive cash flow occurs when the income exceeds the expenses

• The bank loans are not affected by the negative cash flow

• Deficit occurs when someone is bankrupt

• Utilities bills are fixed expenses

Which of the following are the factors that can influence a long-term financial plan?

I - Inflation rates

II - electricity bill

III - Hobby

IV - Government policy

• I and II

• I and IV

• II and III

• III and IV

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