Professional Documents
Culture Documents
2nd Quarter Assessment in Business Finance 12
2nd Quarter Assessment in Business Finance 12
2nd Quarter Assessment in Business Finance 12
1. "Statement I. Long-term goals should be planned in coordination with short-term and intermediate ones
Statement II. Setting and achieving short-term goals is the basis for achieving long-term goals. "
a. Both Statements are False c. Statement I is False; Statement II is True
b. Statement I is true; Statement II is false d. Both Statements are True
2. Armi deposits Php 4,500 at the beginning of each month (12 times a year) in a fund that serves at
24% compounded monthly. How much is the fund at the end of 3 years?
a. Php 48,571 b. Php 283,654.15 c. Php 384,654.15 D. None of these
3. Jenny decided to buy a lot to be used in the future for her planned business. She invested in ______.
a. Bonds b. Bank deposit c. Insurance d. Real estate
4. Jen made a bank deposit worth Php 15,000. With 9% annual interest, how much is the future value of his
deposit after 5 years?
a. Php 21,750 b. Php 28,500 c. Php 15,675 d. Php 13,500
5. Which is not a basic principle of personal finance?
a. Start saving at young age
b. Know your take home pay
c. Don't borrow what you can't repay
d. Expend everything you have because you have lots of money
8. John has a highly dangerous job. He pays premiums every month by depositing the money to the bank
account of the engaged company. He does this so that he will have remuneration in case he will be
suffering from an accident. John is investing on ______.
a. Bonds b. Insurance c. Mutual funds d. Bank deposits
10. What is the present value of annuity due of Php 2,500 payable at the beginning of every year for 4 years, if
interest rate is 10%?
a. Php 14,304.80 b. Php 8,717.13 c. Php 9,909.25 d. None of these
11. Scammers mislead investors by suggesting that big financially sound institutions participate in there
programs, when in fact such connections do not exist.
a. Offshore Investing Scheme c. Prime bank
b. Ponzi scheme d. Pump and dump
12. This is a type of security that signifies ownership in a corporation and represents a claim on part of the
corporation's assets and earnings.
a. Mutual funds b. Insurance c. Real estate d. Stock
13. You need to have Php 51,000 after 3 years. Assuming that you will only deposit once with a 5% annual
interest, how much will you deposit today?
a. Php 48,571 b. Php 44,348 c. Php 44,056 d. Php 16,190
14. "Statement I. According to our lesson, before committing to significant expenditures, estimate how much
income is likely to be available for you.
Statement II. Two factors commonly influence your financial aspirations for the future. The first is the time
frame in which you would like to achieve your goals. The second is the type of financial need that drives
your goals. "
a. Both Statements are False c. Statement I is true; Statement II is false
b. Both Statements are True d. Statement I is False; Statement II is True
15. "Statement I. An investment is an asset or item that is acquired with the expectation that it will generate
interest, income or appreciate its value in the future.
Statement II. A bond is a type of security that signifies ownership in a corporation and represents a claim
on part of the corporation's assets and earnings. "
a. Statement I is False; Statement II is True c. Statement I is true; Statement II is false
b. Both Statements are False d. Both Statements are True
16. What will a deposit of Php 4,500 at 10% compounded semiannually be worth if left in the bank for six
years?
a. Php 7,959.55 b. None of these c. Php 8,181.55 d. Php 8,081.55
17. What annual interest rate would you need in order to have an ordinary annuity of Php7,500 per year
accumulate to Php 279,600 in 15 years?
a. 14% b. 12% c. 16% d. None of these
18. Ben is a senior high school student. Which of his goals is realistic?
a. To buy all the candies in the world c. To be the president of Africa after a year
b. To top the final exam d. To travel throughout space and live in Mars
19. A senior high school student deposits a part of his salary to his bank account so that he will have funds for
future use. Which statement best depicts the situation?
a. Pay yourself first c. Start saving at young age
b. Know your take home pay d. Budget your money
20. You need to have Php100,000 after 4 years. Assuming that you will only deposit once with a 10%
annual interest, how much will you deposit today?
a. Php 22.727 b. Php 71,428.57 c. Php 68,301 d. Php 90,909
22. This is a type of security that signifies ownership in a corporation and represents a claim on part of the
corporation's assets and earnings.
a. Bank deposit b. Insurance c. Stocks d. Real estate
23. Jen is a senior high school student. Which of her goals is realistic?
a. To travel around the world without riding any vehicle
b. To save money for 200 years
c. To graduate with the distinction - cum laude
d. To buy all the dress in the Philippines
25. "Statement I. Ordinary annuity means that periodic payments are made at the end of each payment
interval while annuity due means that periodic payments are made at the beginning of each payment
interval.
Statement II. Fixed capital are funds used for its day-to-day operations"
a. Both Statements are True c. Both Statements are False
b. Statement I is true; Statement II is false d. Statement I is False; Statement II is True
26. "Statement I. A return is the variability of returns from those that are expected.
Statement II. The time value of money is the idea that money available at the present time has the same
worth in the future due to its potential earning capacity"
a. Statement I is true; Statement II is false c. Both Statements are True
b. Both Statements are False d. Statement I is False; Statement II is True
27. Marie pays monthly premiums to a company with the agreement that Marie will be indemnified in case her
house gets damaged because of a natural disaster or it gets burned due to an unwanted accident. This is
_________________ type of investment.
a. Insurance b. Real estate c. Bank deposit d. Bonds
28. What will a deposit of Php 4,500 at 7% compounded annual interest be worth if left in the bank for nine
years?
a. Php 8,385.78 b. Php 8,273.25 c. Php 8,279.23 d. None of these
29. This is the management of money and financial decisions for a person or family including budgeting,
investments, retirement planning and investments
a. None of these b. Personal Finance c. Corporate Finance d. Business finance
For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give
you hope and a future. Jeremiah 29:11
Good luck!!
Prepared by: Mr. Nhelben F. Manuel, LPT