Corpus Christi Parochial School School of Iligan, Inc.

Senior High School Department

Second Quarter, 2023-2024

ABM 12: Business Finance

Final Examination
Grade 12

Name: __________________________________________ Score: ___________________

Grade: ______________________ Date: ____________________

I. MATCHING TYPE: Match the step-in column A with its description in Column B by writing
the Capital Letter on the left side of column A. (2 points each)

_______1. Data Gathering

_______2. Financial Plan Recommendation
_______3. Plan Monitoring
_______4. Objective Setting
_______5. Data Analysis
_______6. Financial Position
_______7. Tax Planning
_______8. Retirement Planning
_______9. Adequate Protection
______10. Investment and Accumulation Goals

A. Periodic reviews of the financial plan to evaluate changing market conditions (i.e., economic
conditions, taxes, interest rates, etc.)
B. Quantifying monetary objectives with definite time frames. Prioritizing objectives.
C. Using surveys, questionnaires and interviews to gather quantitative and qualitative information
from the individual.
D. Analysis of the individual’s financial position and cash flows. Review of legal paper. Evaluation
of objectives vis-à-vis the clients’ resources and economic conditions.
E. Financial products will be proposed. At this point, the individual can comment on the solutions
proposed.
F. Planning on wealth accumulation for large purchases as house, educational expenses, investment
for retirement, etc.
G. Management of when and how much taxes will be paid.
H. Analysis of protection needed for unforeseen risks.
I. Understanding of personal resources by checking an individual’s net worth and cash flow.
J. Understanding the cost of retirement. Analysis of cash flows to come up with investment plans
that will meet the costs of retirement in the future.

II. ENUMERATION:

1. Give at least 5 money management philosophy.

2. Four simple habits for personal finance success.

III. ESSAY: (5 points each)

1. In your own words, why is it important to manage your personal finances?
2. Assume you are 18 years old and you were able to save P100,000. How will you allocate your
savings? Explain you answer.