DKDiana Kuria
Started onTuesday, 10 March 2026, 2:38 PM
StateFinished
Completed onTuesday, 10 March 2026, 2:39 PM
Time taken51 secs
Marks5.00/5.00
Grade10.00 out of 10.00 (100%)

Question 1

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Question text

Taxes refers to the money that you

Question 1 Answer
a.

Pay to the government to meet the cost of public services

b.

Pays for job or business related expenses

c.

Invest in mutual funds or stops through an investment company

d.

Pay for utilities like electricity internet water and security among others

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Step Time Action State Marks
1 10/03/26, 14:38:57 Started Not yet answered
2 10/03/26, 14:39:25 Saved: Pay to the government to meet the cost of public services Answer saved
3 10/03/26, 14:39:48 Attempt finished Correct 1.00

Question 2

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Question text

Some of the components of an individual's personal budget include

Question 2 Answer
a.

Payment of bills, utilities, leisure activities, investments, savings, gifts and repayment of debts

b.

Social, financial, emotional, intellectual and physical

c.

Source, receiver, channel, feedback and message

d.
Body-image, identity, self-esteem and personality

 

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Response history

Step Time Action State Marks
1 10/03/26, 14:38:57 Started Not yet answered
2 10/03/26, 14:39:25 Saved: Payment of bills, utilities, leisure activities, investments, savings, gifts and repayment of debts Answer saved
3 10/03/26, 14:39:48 Attempt finished Correct 1.00

Question 3

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Question text

Financial literacy is important because it

Question 3 Answer
a.

Is only useful to those employed in an huge amounts of money

b.

Equips you with skills to budget, save and invest your money

c.

Helps you learn how to manage your time and finances well

d.

Is only meant for those who operate their own businesses

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Response history

Step Time Action State Marks
1 10/03/26, 14:38:57 Started Not yet answered
2 10/03/26, 14:39:25 Saved: Equips you with skills to budget, save and invest your money Answer saved
3 10/03/26, 14:39:48 Attempt finished Correct 1.00

Question 4

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Question text

Components of financial literacy include the following

Question 4 Answer
a.

Time, saving and self-awareness

b.

Budgeting, saving, investing, earning and debt repayment

c.

Employment, health and business

d.

Owning, saving and leisure

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Response history

Step Time Action State Marks
1 10/03/26, 14:38:57 Started Not yet answered
2 10/03/26, 14:39:41 Saved: Budgeting, saving, investing, earning and debt repayment Answer saved
3 10/03/26, 14:39:48 Attempt finished Correct 1.00

Question 5

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Question text

Record-keeping for businesses is very important and the components include

Question 5 Answer
a.

Cash sale receipts, invoices, purchase records and bank statements

b.

Job descriptions for staff and service contracts

c.

Personal development plans and personality result reports

d.

Bank statements, wellness wheel and strategic plans for the business

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Response history

Step Time Action State Marks
1 10/03/26, 14:38:57 Started Not yet answered
2 10/03/26, 14:39:41 Saved: Cash sale receipts, invoices, purchase records and bank statements Answer saved
3 10/03/26, 14:39:48 Attempt finished Correct 1.00
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