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Consumer Mathematics: Financial Management Form 4

Total questions: 10

Worksheet time: 25mins

Name
Class
Date
1.

Based on the SMART concept, what is the meaning of Specific?

a)

Have a specific goal

b)

Goal is attainable

c)

Have a fixed time-bound

d)

Measurable

2.

Which of the following is a long-term  financial goal?

a)

Buy a house.

b)

Invest shares in Bursa Malaysia.

c)

Buy the latest model of Apple smart phone.

d)

Vacation in other country for 10 days.

3.

Which of the following is an active income?

a)

Dividend

b)

Interest

c)

House rental

d)

Commission

4.

Hasnah wants to buy a refrigerator costs RM2 300 in 5 months. Calculate the amount of money she need to save each month.

a)

RM360

b)

RM420

c)

RM460

d)

RM480

5.

Encik Roslan works as a music teacher at a private school. He earns RM5 000 a month. The table beside shows the monthly expenditure of Encik Roslan. Calculate the monthly cash flow of Encik Roslan.

a)

RM1 450

b)

RM1 350

c)

RM1 150

d)

RM1 050

6.

I Insurance

II Emergency Fund

III Savings and Investments

IV Debt Management

Based on the above, which should be included into financial plan?

a)

II, III and IV

b)

I, II and III

c)

II and III

d)

I, II, III and IV

7.

The following are factors that may affect feasibility of a long-term financial plan except

a)

government policy

b)

insurance

c)

interest rate

d)

inflation

8.

The information at the side shows Kathy's incomes in October. Determine the active income of Kathy in that month.

a)

RM2115

b)

RM5380

c)

RM5430

d)

RM7495

9.

The informations shows the total incomes and total expenditures of Justin, Jun Hong and Latif in a month. State who have positive cash flow.

a)

Justin

b)

Jun Hong

c)

Latif

d)

Jun Hong & Latif

10.

Mr. Kamal receives monthly net salary of RM4300 and monthly travel allowance of RM100. He sets a fixed saving of 15% from his monthly total incomes. The information below shows the monthly expenditures of Mr. Kamal. Given that the monthly net income of Mr. Kamal is RM1340, find the value of x.

a)

800

b)

950

c)

1020

d)

1890