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WorksheetsFLQ-10
Total questions: 50
Worksheet time: 17mins
In which cash flow quadrant does the amount of active work determines your income?
employee
business owner
investor
In which cash flow quadrant does the amount of active work determines your income?
self-employed
business owner
investor
In which cash flow quadrant does the number of employees determines your income?
E
B
I
In which cash flow quadrant does a person spend money in hope of making more money?
E
B
I
In which cash flow quadrant is the employer & employee one and the same?
E
B
I
S
Which one is an example of 2nd cash flow quadrant?
plumber
waiter in a restaurant
mutual fund investor
restaurant owner
Which set of professions fits under the 1st cash flow quadrant?
Receptionist
Teacher
Accountant
Nurse
Receptionist
Teacher
Accountant
Freelance writer
Receptionist
Teacher
Accountant
Angel investor
Receptionist
Teacher
Accountant
Hair stylist
Which set of professions fits under the 3rd cash flow quadrant?
Franchise owner
Restaurant owner
Online retailer
Store owner
Franchise owner
Restaurant owner
Online retailer
college professor
Franchise owner
Restaurant owner
Online retailer
stocks trader
Franchise owner
Restaurant owner
Online retailer
venture capitalist
Which set of professions fits under the 4th cash flow quadrant?
angel investor / venture capitalist / private equity investor / mutual fund investor
angel investor / venture capitalist / private equity investor / teacher
angel investor / venture capitalist / private equity investor / store owner
angel investor / venture capitalist / private equity investor / personal trainer
Which set of professions fits under the 2nd cash flow quadrant?
Freelance writer / Personal trainer / Real estate agent / Carpenter
Freelance writer / Personal trainer / Real estate investor / Carpenter
Freelance writer / Personal trainer / waiter / Carpenter
Freelance writer / Personal trainer / Carpenter / Index investor
teacher
E-Quadrant
electrician
S-Quadrant
showroom owner
B-Quadrant
angel investor
I-Quadrant
engineer
E-Quadrant
consultant
S-Quadrant
company owner
B-Quadrant
venture capitalist
I-Quadrant
The wealthiest individuals in the world typically belong to this quadrant.
E
S
B
I
Business owners earn money through the employees that work for them.
True
False
Investors own assets that generate passive income for them.
True
False
Which quadrant fits in the category of active income?
S
B
I
In which quadrant income does not depend on active work?
S
B
E
In which quadrant income depends on active work?
S
B
I
Time = Income
E
B
I
Employees = Income
E
B
I
$$$ = $$$$$$
E
B
I
What is the most efficient way to save money?
income - expenses = savings
savings - income = expenses
income - savings = expenses
savings - expenses = income
Which of the following is correct:
savings = income - (needs + wants)
income = needs + wants
needs = income - wants
savings = income - wants
A company's net cash flow is $25000 in January. Calculate the cash inflow if the cash outflow is $125000.
$150,000
$200,000
$125,000
$175,000
Your monthly income is $9000. How will you allocate money towards your needs, wants, and savings as per the budget rule?
Needs = $4500
Wants = $2700
Savings = $1800
Needs = $4500
Wants = $1800
Savings = $2700
Needs = $4500
Wants = $2500
Savings = $2000
Needs = $4500
Wants = $2800
Savings = $1900
Your monthly income is $8000. How will you allocate money towards your needs, wants, and savings as per the budget rule?
Needs = $4000
Wants = $2400
Savings = $1600
Needs = $4000
Wants = $2200
Savings = $1800
Needs = $4000
Wants = $2100
Savings = $1900
Needs = $4000
Wants = $3000
Savings = $1000
VAT is collected by all sellers in each stage of the supply chain.
True
False
Sales tax is collected from the retailer when the final sale in the supply chain is reached.
True
False
What is the 3rd step in making a budget?
looking ahead
identify income and expenses
separate needs from wants
design your budget
put your plan into action
Calculate the net cash flow of a bakery if the total cost of producing cakes & cookies is $2350 and the total sales are $4500.
$2105
$2050
$2150
$2250
What is the purpose of calculating EMI before taking a loan?
to know if you can afford the monthly payments
to know how much money you need to save for the down payment
to know how long the loan period should be
to know how much money you need to borrow
If a bank agrees to pay you a loan for a period of 3 years, how many EMIs will you have to pay?
60
36
48
32
Your yearly income is $96000. How will you allocate money towards your needs, wants, and savings on a monthly basis as per the budget rule?
Needs = $8000
Wants = $4800
Savings = $3200
Savings = $1600
Wants = $2400
Needs = $1800
Wants = $2400
Needs = $4000
Savings = $1600
Needs = $4000
Wants = $3000
Savings = $1500
Which one is true?
Bank pays interest to its depositors.
Bank collects interest from its depositors.
Which one is true?
Bank collects interest from its depositors.
Bank collects interest from its borrowers.
Which one is true?
The interest rate in a savings account is less than the interest in a fixed deposit account.
The interest rate in a savings account is more than the interest in a fixed deposit account.
Jack always finds himself in debt due to overspending. What can he do to be more financially responsible?
create a budget and stick to it
demand a salary hike
use credit card for shopping
stop stepping out of home
Cars are expensive, so buying one brings with it some financial risk. What is one way to guard against that risk?
buy auto insurance
buy a second car
drive very slowly
How are personal loans repaid?
in installments over time, with interest
with a hand-written thank you card and flowers
as a single payment after 5 years without interest
You have a good job that allows you to pay all of your expenses. What other financial responsibility do you have?
saving for your emergency fund and your retirement fund
letting everyone know how much you earn
Which one is true regarding budget?
Without a budget, our spending can go out of hand.
It is very difficult to maintain a budget.
Budget is a surest way of getting bankrupt.
The limit on the credit card is decided by the issuing banks based on your credit scores.
True
False
A credit score is a score you get that depicts your creditworthiness.
True
False
People with good credit scores are considered more reliable and trustworthy. They easily get loans at low-interest rates.
True
False
A credit score shows a person's financial health. The lesser the credit score, the better is his/her financial health.
False
True
The credit score of an individual can range anywhere between 300 and 850.
True
False
The Cashflow Quadrant is a way of understanding the different ways people generate income and build wealth.
True
False
According to Kiyosaki, the most successful people are those in the E and S quadrants.
True
False
According to Kiyosaki, the most successful people have more control over their income and can create passive income streams.
True
False
E and S quadrants are seen as less desirable because they involve trading time for money and may have limited earning potential.
True
False
