Fin2602.
Assignment 1. Semester 2.
Due date: 17 Augustus 2020
Unique number: 864667
, Question 1.
Which one of the following statements is correct?
[1] Whithin the same financial planning cycle, people’s priorities and preferences are exactly the same
[2] Within the same financial planning cycle, people’s priorities and preferences will not change according to their
current individual circumstances
[3] Our financial priorities stay the same as we move through the personal financial planning cycle
[4] Personal financial planning has to do with what the world’s richest people have done
[5] Our financial priorities change as we move through the perusal financial planning cycle
Question 2.
Financial independence means …
[1] great wealth.
[2] you are dependent on the state for a pension.
[3] you are dependent on family members to survive financially.
[4] you are able to survive financially on your own investments after retirement.
[5] you do not have to continue working after retirement.
Question 3.
Which of the following statements are correct?
(a) Personal financial management is the field of study that affects all people.
(b) Personal financial management is the field of study that affects investors and brokers mainly.
(c) Personal financial skills are probably the most important life skills one can possess.
(d) Persons with this knowledge and skills can also “transfer” it to their children.
[1] a and b
[2] a and c
[3] a, b and d
[4] a, c and d
[5] d only
Question 4.
4 Which of the following statements is/are correct?
(a) Personal financial literacy is a prerequisite for entrepreneurship.
(b) Without financial literacy the possibility of economic freedom and
transformation disappears.
(c) Total quality of life = quality of life at work.
(d) Debt counselling cannot replace financial literacy education.
(e) Debt counselling is the long-term solution to financial illiteracy.
[1] a only
[2] a, b and c
[3] a, b and d
[4] b, c and d
[5] b, c and e
Question 5.
Which of the following principles are involved in drawing up a budget?
(a) Involvement of family members
(b) A proper administrative system
(c) Good communication
(d) A realistic budget
[1] a and b
Assignment 1. Semester 2.
Due date: 17 Augustus 2020
Unique number: 864667
, Question 1.
Which one of the following statements is correct?
[1] Whithin the same financial planning cycle, people’s priorities and preferences are exactly the same
[2] Within the same financial planning cycle, people’s priorities and preferences will not change according to their
current individual circumstances
[3] Our financial priorities stay the same as we move through the personal financial planning cycle
[4] Personal financial planning has to do with what the world’s richest people have done
[5] Our financial priorities change as we move through the perusal financial planning cycle
Question 2.
Financial independence means …
[1] great wealth.
[2] you are dependent on the state for a pension.
[3] you are dependent on family members to survive financially.
[4] you are able to survive financially on your own investments after retirement.
[5] you do not have to continue working after retirement.
Question 3.
Which of the following statements are correct?
(a) Personal financial management is the field of study that affects all people.
(b) Personal financial management is the field of study that affects investors and brokers mainly.
(c) Personal financial skills are probably the most important life skills one can possess.
(d) Persons with this knowledge and skills can also “transfer” it to their children.
[1] a and b
[2] a and c
[3] a, b and d
[4] a, c and d
[5] d only
Question 4.
4 Which of the following statements is/are correct?
(a) Personal financial literacy is a prerequisite for entrepreneurship.
(b) Without financial literacy the possibility of economic freedom and
transformation disappears.
(c) Total quality of life = quality of life at work.
(d) Debt counselling cannot replace financial literacy education.
(e) Debt counselling is the long-term solution to financial illiteracy.
[1] a only
[2] a, b and c
[3] a, b and d
[4] b, c and d
[5] b, c and e
Question 5.
Which of the following principles are involved in drawing up a budget?
(a) Involvement of family members
(b) A proper administrative system
(c) Good communication
(d) A realistic budget
[1] a and b
