WEEK 3-4 (EXTENDED VERSION)

Question 1

is a document, or set of documents, that outlines an individual’s financial position at a given point in time. It is usually composed of two sections – a balance sheet section and an income flow section.

Answer 1

A personal financial statement

Question 2

part of the personal financial statement lists the individual’s assets and liabilities, just as the business lists all the assets and liabilities of the business.

Answer 2

Personal Balance Sheet

Question 3

lists out all flow variables affecting an individual’s financial position.

Answer 3

Personal Income Statement

Question 4

Why Use a Personal Income Statement?

Answer 4

It is usually goal-oriented and can help an individual reach his or her financial goals, especially for young professionals entering the workforce for the first time.

Question 5

is the process of using historical data as well as current data sets to determine how consumers behave and how businesses react; the same is true of the inverse: how businesses behave and how consumers react. it’s used in the short term or the long term, trend analysis can reveal changes in consumer needs as well as changes in industry activity.

Answer 5

Trend analysis

Question 6

is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members​ who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings.​ The program is also open to pensioners and retirees who were former Pag-IBIG Fund members.​

Answer 6

PAGIBIG MP II​/The MP2 Savings

Question 7

4 Impacts on Personal Finance​

Answer 7

Political​
Technological​
Social​
Economical