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WorksheetsFinancial Management Midterm Quiz #1
Total questions: 20
Worksheet time: 20mins
Name
Class
Date
1.
Financial management is only important for businesses, not individuals
a)
True
b)
False
2.
The time value of money means P10 today is worth more than P10 in the future
a)
True
b)
False
3.
Saving money in a bank account is a high-risk, high-return investment
a)
True
b)
False
4.
A budget helps prioritize needs over wants
a)
True
b)
False
5.
Investing in government bonds is an example of a high-risk investment
a)
True
b)
False
6.
Cryptocurrency is a low-risk investment with guaranteed returns
a)
True
b)
False
7.
The 40-30-20-10 rule allocates 30% of income to wants
a)
True
b)
False
8.
ROI measures the profitability of an investment
a)
True
b)
False
9.
A company’s IT budget only covers hardware costs
a)
True
b)
False
10.
Data analytics tools can improve financial decision-making
a)
True
b)
False
11.
What does TCO (Total Cost of Ownership) include?
a)
Only upfront purchase costs
b)
All costs over an asset’s lifespan (e.g., maintenance, upgrades
c)
Only maintenance fees
d)
Only software licensing fees
12.
Which is a low-risk investment?
a)
Stocks
b)
Savings account
c)
Cryptocurrency
d)
Startups
13.
A hospital wants to implement an electronic health records system. Which financial metric helps compare options?
a)
ROI
b)
Payback Period
c)
Cost-Benefit Analysis
d)
NPV (Net Present Value
14.
What percentage of income does the 40-30-20-10 rule allocate to savings?
a)
10%
b)
20%
c)
30%
d)
40%
15.
Which principle states that higher potential returns come with higher risks?
a)
Time Value of Money
b)
Risk-Return Tradeoff
c)
Budgeting
d)
Liquidity Preference
16.
A company invests ₱500,000 in software that saves ₱200,000/year. What is the ROI?
a)
20%
b)
40%
c)
60%
d)
80%
17.
Which tool helps track income and expenses in real-time?
a)
ERP System
b)
Accounting Software
c)
CRM System
d)
Social Media Platform
18.
What is the first stage of the IS project lifecycle where budgeting occurs?
a)
Development
b)
Initiation
c)
Maintenance
d)
Implementation
19.
Which is a "need"?
a)
Latest smartphone
b)
Groceries
c)
Vacation
d)
Designer clothing
20.
What does NPV (Net Present Value) prioritize?
a)
Short-term gains
b)
Long-term benefits
c)
Immediate costs
d)
Market trends
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