Unit 3: Personal Business Balance Quiz

How long is the written examination for Unit 3?

• 2.5 hours

• 1.5 hours

• 2 hours

• 1 hour

What portion of the exam is dedicated to personal finance?

• All of it

• Two-thirds

• Half

• One-third

Why is managing personal finances considered important?

• It is essential for dealing with life-long financial matters.

• It is not important at all.

• It is only useful for passing exams.

• It helps in understanding business finance.

Which of the following is a topic under business finance?

• Current accounts

• Insurance

• Mortgages

• Cash flow forecasts

What is the purpose of accounting in business finance?

• To provide insurance advice

• To explore different types of current accounts

• To manage personal savings

• To understand the financial performance of a business

How much time is advised to be spent on Section A of the exam?

• 50-55 minutes

• 40-45 minutes

• 30-35 minutes

• 20-25 minutes

What type of questions are included in Section B of the exam?

• Fill in the blanks

• Scenario-based questions

• Multiple choice only

• True or false

What is one of the study tips for achieving a distinction?

• Ignore the BTech book

• Complete tasks in the BTech book outside of class

• Read the BTech book for hours daily

• Only study the night before the exam

Why is it recommended to watch and re-watch the video resources?

• To avoid reading the BTech book

• To reinforce learning and recall information

• To understand the narrator's accent

• To memorize the script

What should you do if you don't have access to the BTech book?

• Rely solely on video resources

• Ignore it and hope for the best

• Pester your teachers or school for access

• Buy a different book