SKSarah Kitanga
Started onThursday, 16 January 2025, 3:05 PM
StateFinished
Completed onThursday, 16 January 2025, 3:07 PM
Time taken1 min 42 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.

Invest in mutual funds or stops through an investment company

b.

Pay to the government to meet the cost of public services

c.

Pay for utilities like electricity internet water and security among others

d.

Pays for job or business related expenses

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Response history

Step Time Action State Marks
1 16/01/25, 15:05:59 Started Not yet answered
2 16/01/25, 15:06:37 Saved: Pay to the government to meet the cost of public services Answer saved
3 16/01/25, 15:07:41 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.

Social, financial, emotional, intellectual and physical

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

 

c.

Source, receiver, channel, feedback and message

d.

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

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Response history

Step Time Action State Marks
1 16/01/25, 15:05:59 Started Not yet answered
2 16/01/25, 15:06:37 Saved: Payment of bills, utilities, leisure activities, investments, savings, gifts and repayment of debts Answer saved
3 16/01/25, 15:07:41 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.

Is only meant for those who operate their own businesses

c.

Helps you learn how to manage your time and finances well

d.

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

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Response history

Step Time Action State Marks
1 16/01/25, 15:05:59 Started Not yet answered
2 16/01/25, 15:06:37 Saved: Equips you with skills to budget, save and invest your money Answer saved
3 16/01/25, 15:07:41 Attempt finished Correct 1.00

Question 4

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Question text

Components of financial literacy include the following

Question 4 Answer
a.

Employment, health and business

b.

Budgeting, saving, investing, earning and debt repayment

c.

Time, saving and self-awareness

d.

Owning, saving and leisure

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Response history

Step Time Action State Marks
1 16/01/25, 15:05:59 Started Not yet answered
2 16/01/25, 15:07:37 Saved: Budgeting, saving, investing, earning and debt repayment Answer saved
3 16/01/25, 15:07:41 Attempt finished Correct 1.00

Question 5

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v1 (latest)

Question text

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

Question 5 Answer
a.

Job descriptions for staff and service contracts

b.

Bank statements, wellness wheel and strategic plans for the business

c.

Cash sale receipts, invoices, purchase records and bank statements

d.

Personal development plans and personality result reports

Feedback

Response history

Step Time Action State Marks
1 16/01/25, 15:05:59 Started Not yet answered
2 16/01/25, 15:07:37 Saved: Cash sale receipts, invoices, purchase records and bank statements Answer saved
3 16/01/25, 15:07:41 Attempt finished Correct 1.00
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