CPD Assessment 24.5 Financial Intelligene Centre Act as Amended
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Question 1 of 15
1. Question
1 point(s)What does personal financial management involve?
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Question 2 of 15
2. Question
1 point(s)Which of the following is not a typical component of short-term insurance?
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Question 3 of 15
3. Question
1 point(s)What is the primary purpose of gap cover in medical schemes?
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Question 4 of 15
4. Question
1 point(s)What financial management practice involves spreading investments across various asset classes to reduce risk?
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Question 5 of 15
5. Question
1 point(s)What is the primary consideration when selecting assets for investment?
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Question 6 of 15
6. Question
1 point(s)Which of the following is a disadvantage of debt financing?
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Question 7 of 15
7. Question
1 point(s)In personal financial planning, what does the term ‘liquidity’ refer to?
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Question 8 of 15
8. Question
1 point(s)Which type of annuity involves payments at the beginning of each period?
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Question 9 of 15
9. Question
1 point(s)What does the ‘Time Value of Money’ principle state?
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Question 10 of 15
10. Question
1 point(s)What is a key factor in the financial planning process?
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Question 11 of 15
11. Question
1 point(s)Which financial statement provides a snapshot of an individual’s financial position at a specific point in time?
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Question 12 of 15
12. Question
1 point(s)What is the main advantage of using common size statements in financial analysis?
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Question 13 of 15
13. Question
1 point(s)What is the foundational practice emphasized in achieving financial independence and stability?
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Question 14 of 15
14. Question
1 point(s)Which of the following is NOT a primary document included in financial statements?
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Question 15 of 15
15. Question
1 point(s)What is the purpose of common size statements in financial analysis?