FIN2602 EXAM PACK 2022

FIN2602 EXAM PACK 2022. FIN2602 - Personal Financial Management Which of the following statements are correct? (a) An increase in a person’s salary will have no advantage unless it is supported by financial literacy. (b) An increase in a person’s salary will improve the quality of his/her life in the medium and long term. (c) Personal financial management education increases personal wealth. (d) Financial literacy refers to personal financial literacy. (e) Financial literacy refers to savings and investments only. [1] a and b [2] a, b and c [3] a, b, c and d [4] a, c and d [5] a, c and e 1 Watter van die volgende stellings is korrek? (a) ‘n Verhoging in ‘n persoon se salaris sal geen voordeel inhou tensy dit deur finansiële geletterdheid ondersteun word nie. (b) ‘n Verhoging in ‘n persoon se salaris sal sy/haar lewenskwaliteit op die medium- en langtermyn verbeter. (c) Opvoeding in persoonlike finansiële bestuur verhoog persoonlike welvaart. (d) Finansiële geletterdheid verwys na persoonlike finansiële geletterdheid. (e) Finansiële geletterdheid verwys slegs na spare en beleggings. [1] a en b [2] a, b en c [3] a, b, c en d [4] a, c en d [5] a, c en e 2 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 S - The study-notes marketplace Downloaded by: tebzamabalane | Distribution of this document is illegal S - The study-notes marketplace FIN2602 Page 3 of 21 OCT/NOV 2020 [TURN OVER / BLAAI OM] CONFIDENTIAL 2 Watter van die volgende stellings is korrek? (a) Persoonlike finansiële geletterdheid is ‘n voorvereiste vir entrepreneurskap. (b) Sonder finansiële geletterdheid verdwyn die moontlikheid van ekonomiese vryheid en transformasie. (c) Totale lewenskwaliteit = kwaliteit van werkslewe. (d) Skuldberading kan nie finansiële geletterdheidsopvoeding vervang nie. (e) Skuldberading is die langtermynoplossing van finansiële ongeletterdheid. [1] slegs a [2] a, b en c [3] a, b en d [4] b, c en d [5] b, c en e 3 Which one of the following statements is correct? [1] Within 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 personal financial planning cycle. 3 Watter een van die volgende stellings is korrek? [1] Mense se prioriteite en voorkeure is presies dieselfde binne dieselfde finansiële beplanningsiklus. [2] Mense binne dieselfde finansiële beplanningsiklus se prioriteite en voorkeure sal nie verander volgens hulle huidige individuele omstandighede nie. [3] Ons finansiële prioriteite bly dieselfde soos wat ons deur die persoonlike finansiële beplanningsiklus beweeg. [4] Persoonlike finansiële beplanning het te doen met wat die wêreld se rykste mense gedoen het. [5] Ons finansiële prioriteite verander soos wat ons deur die persoonlike finansiële beplanningsiklus beweeg. S - The study-notes marketplace Downloaded by: tebzamabalane | Distribution of this document is illegal S - The study-notes marketplace FIN2602 Page 4 of 21 OCT/NOV 2020 [TURN OVER / BLAAI OM] CONFIDENTIAL The measurement and assessment of personal financial performance: 4 Which of the following statements is/are correct? (a) You + your own financial habits = you in 10 years (b) You + your own financial habits = you after retirement (c) Social habits are more dangerous than self-developed habits. (d) Our personal financial decisions establish and maintain our financial habits. (e) Your daily habits do not determine your financial path in life. [1] a, b and c [2] a and c [3] a, b and d [4] b, c and e [5] d only 4 Watter van die volgende stellings is korrek? (a) Jy + jou eie finansiële gewoontes = jy oor 10 jaar (b) Jy + jou eie finansiële gewoontes = jy ná aftrede (c) Sosiale gewoontes is gevaarliker as self-ontwikkelde gewoontes. (d) Ons persoonlike finansiële besluite skep en onderhou ons finansiële gewoontes. (e) Jou daaglikse gewoontes bepaal nie die pad van jou finansiële lewe nie. [1] a, b en c [2] a en c [3] a, b en d [4] b, c en e [5] slegs d 5 Which of the following is/are limitations of a personal budget? (a) You need a household record system in order to draw up your budget. (b) A budget is the solution to all financial problems. (c) The success of the budget depends on people. (d) A budget is based on forecasts. [1] a only [2] a and b [3] a, b and c [4] a, b and d [5] a, c and d 5 Watter van die volgende is beperkings van ‘n persoonlike begroting? (a) Jy benodig ‘n huishoudelike rekordstelsel ten einde jou begroting op te stel. (b) ‘n Begroting is die oplossing vir alle finansiële probleme. (c) Die sukses van die begroting hang van mense af. (d) ‘n Begroting is gebaseer op vooruitskattings. We offer online tutoring, help with assignments and essay writing for all Majors with a guaranteed pass. 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