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Finance

finance final paper

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17 views

Finance

finance final paper

Uploaded by

tamacanamadeo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

ROMANO, JOSE MARIA B.

12 ABM RAMOS
BUSINESS FINANCE

Pre test
1. C. 9. B.
2. B. 10. A.
3. B. 11. B.
4. D. 12. A.
5. A. 13. A.
6. C. 14.D.
7. D. 15.C.
8.A.

READ THE STORY “HOW P14 LOTTO WINNER LOST IT ALL”


AND ANSWER THE PROCESS QUESTIONS.

The lesson of this story is that it’s important to be careful with money, even if you suddenly
become rich. It shows how spending too much on things like alcohol, gambling, and
relationships can make you lose all your money quickly.

If I were Dionie, I would learn how to manage money well. I would talk to experts who can help
me save and invest smartly. I would make a plan for how I spend my money, making sure I don’t
spend more than I earn. I would also save some money for emergencies and future needs. And I
would be careful about lending money to others, making sure they use it wisely.
CROSS ROADS
Opening a new credit card account for a discount coupon might seem like a quick win, but for
Savanah, it’s a risky move with long-term consequences. While the immediate P 500 discount
offers a temporary boost, the negative impacts are significant. With a history of forgetfulness in
bill payments and a tendency to carry balances on her existing five credit cards, adding another
one could worsen her financial situation. The increased credit utilization ratio, potential for
overspending, and accruing balances outweigh the short-term benefit. Savanah’s focus should be
on improving her payment habits and responsibly managing her current debt rather than adding
more financial strain through unnecessary credit accounts.

1. What are the basic money philosophies mentioned?

• On earning never depend on the source of income

• On savings increase the percentage of your savings

• On budgeting make sure you have written plans on how to budget your money

• On spending do not spend more than what you make

• On investing never invest in something you don’t understand

• On protection protect the breadwinner at all cost

2. Which of these philosophies do you believe in the most? Why?

• Out of all the money tips mentioned, I believe the one about “spending: do not spend more than
what you make” is super important. Basically, it means not buying stuff or spending money that i
don’t have. As a teenager, it’s easy to get tempted to spend money on cool things or stuff your
friends have, but it’s crucial to only spend what i actually have. This helps me avoid getting into
debt and sets me up for a better financial future. Plus, it teaches responsibility and helps me learn
the value of money early on.

ASSESSMENT
1. C. Stocks
2. B. Investing
3. C. Protection
4. C. Mutual funds
5. A. Income
6. A. Objective Setting
7. C. Data Analysis
8. E. Plan Implementation
9. B. Data Gathering
10. F. Plan Monitoring
11. D. Financial Plan Recommendation
12. B. Data Gathering
13. A. Objective Setting
14. F. Plan Monitoring
15. D. Financial Plan Recommendation

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