WorksheetsChapter 10: Financial Management
Total questions: 8
Worksheet time: 8mins
Which of the following is/are the financial management process?
setting goals
evaluating financial status
creating financial and revising the progress
all the above
SMART concept will help us control our spending to achieve the desired goals."M" stand for
(a)
Minor house improvement.
Long-term goal
Short-term goal
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
Encik Sharul wants to buy a car in two years. His total monthly income is RM 5 600 and his total monthly fixed and variable expenses is RM 3 800. He plans to pay RM 8 400 as the down payment of the car. How much is his monthly savings in order to achieve his financial goal?
RM75
RM275
RM350
RM180
Mr Liew and his wife have a total income of RM12 600 a month. They have three children and they would like to save an amount of RM250 000 for their children's education in 15 years from now. What is the minimum amount they need to save every month for their education fund?
RM 1 360
RM 1 380
RM 1400
