FIN2602 EXAM PACK LATEST 2022 ALL YOU NEED TO PASS

FIN2602 EXAM PACK LATEST 2022 ALL YOU NEED TO PASS Downloaded by: tebzamabalane | Distribution of this document is illegal S - The study-notes marketplace 1 [TURN OVER / BLAAI OM] UNIVERSITY EXAMINATIONS OCT/NOV 2020 FIN2602 Personal Financial Management 70 Marks Duration 2 Hours First examiner: Nico Swart Second examiner: Me L Ngcobo This paper consists of 21 pages including one rough work sheet plus instructions for the completion of a mark reading sheet. Instructions: Use of a non-programmable pocket calculator is permissible. This examination question paper remains the property of Unisa. We remind you about your Honesty Declaration. Remember to submit your examination on myUnisa as per the circulated instructions and keep proof of submission. Remember to double-check your answers. CONFIDENTIAL This paper consists of 21 pages including one rough work sheet. Hierdie vraestel bestaan uit 21 bladsye insluitend een kladwerkblad. Each multiple choice question carries 2 marks. Both English and Afrikaans questions appear on the question paper. Elke meervoudigekeusevraag tel 2 punte. Sowel Engelse as Afrikaanse vrae verskyn op die vraestel. S - The study-notes marketplace Downloaded by: tebzamabalane | Distribution of this document is illegal S - The study-notes marketplace FIN2602 Page 2 of 21 OCT/NOV 2020 [TURN OVER / BLAAI OM] CONFIDENTIAL Personal financial planning: 1 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 be