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fin2602 Assignment 1 semester 1 2024
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2/29/24, 3:53 PM Assessment 1: Attempt reviewFont size A- A A+ Site color R A A A
UNISA 2024 FIN2602-24-S1 Welcome Message Assessment 1
QUIZ
Started on Thursday, 29 February 2024, 3:30 PM
State Finished
1 0
Completed on Thursday, 29 February 2024, 3:52 PM 0 3
Time taken 22 mins 47 secs
Marks
out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which of the following statements is/are correct?
(a) Fewer than one out of ten people retire nancially independent.
(b) Maximum pro t is the long-term goal of personal nancial management.
(c) The long-term goal of personal nancial management is nancial independence at
retirement.
a. a only
b. b only
c. a and b
d. a and c
e. a, b and c
Your answer is correct.
The correct answer is:
a and c
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15047621&cmid=844690 1/11
,2/29/24, 3:53 PM Assessment 1: Attempt review
Question 2 Font size A- A A+ Site color R A A A
Correct
Mark 1.00 out of 1.00
Which of the following statements is/are correct?
(a) Personal nancial literacy is a prerequisite for entrepreneurship.
(b) Without nancial literacy the possibility of economic freedom and transformation
disappears.
(c) Total quality of life = quality of life at work.
(d) Debt counselling cannot replace nancial literacy education.
(e) Debt counselling is the long-term solution to nancial illiteracy.
a. a only
b. a, b and c
c. a, b and d
d. b, c and d
e. b, c and e
Your answer is correct.
The correct answer is:
a, b and d
Question 3
Correct
Mark 1.00 out of 1.00
W hich of the following statements is/are correct?
The secret of personal nancial management and planning is to be aware of the many factors
that may in uence your … at the present time or in the future.
(a) matrimonial property regime
(b) personal nancial situation negatively
(c) personal nancial situation positively or negatively
(d) children’s nancial future
(e) investments positively
a. a only
b. b only
c. c only
d. b and d
e. b and e
Your answer is correct.
The correct answer is:
c only
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15047621&cmid=844690 2/11
,2/29/24, 3:53 PM Assessment 1: Attempt review
Question 4 Font size A- A A+ Site color R A A A
Correct
Mark 1.00 out of 1.00
Which of the following statements are correct?
(a) People confuse personal nancial planning with investment planning.
(b) Investment planning is more important than personal nancial planning.
(c) Personal nancial management education increases personal wealth.
(d) The primary objective of an enterprise is nancial independence after retirement.
a. a and b
b. a and c
c. b and c
d. b and d
e. c and d
Your answer is correct.
The correct answer is:
a and c
Question 5
Correct
Mark 1.00 out of 1.00
Which of the following statements is/are correct?
(a) You + your own nancial habits = you in 10 years
(b) You + your own nancial habits = you after retirement
(c) Social habits are more dangerous than self-developed habits.
(d) Our personal nancial decisions establish and maintain our nancial habits.
(e) Your daily habits do not determine your nancial path in life.
a. a, b and c
b. a and c
c. a, b and d
d. b, c and e
e. d only
Your answer is correct.
The correct answer is:
a, b and d
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15047621&cmid=844690 3/11
, 2/29/24, 3:53 PM Assessment 1: Attempt review
Question 6 Font size A- A A+ Site color R A A A
Incorrect
Mark 0.00 out of 1.00
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
a. a and b
b. a, b and c
c. a, b and d
d. b and d
e. a, b, c and d
Your answer is incorrect.
The correct answer is:
a, b, c and d
Question 7
Incorrect
Mark 0.00 out of 1.00
Which of the following statements are correct?
(a) A personal budget is a plan in non- nancial terms.
(b) A person’s nancial performance can be determined from the income statement.
(c) Budgeted gures too conservative → (the result) income estimated too high
(d) Budgeted gures too optimistic → (the result) income estimated too low
(e) Budgeted gures too optimistic → (the result) expenditure estimated too low
a. a and b
b. b, c and d
c. b and e
d. c and d
e. d and e
Your answer is incorrect.
The correct answer is:
b and e
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15047621&cmid=844690 4/11
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