MINISTRY OF HIGHER AND SECONDARY SPECIAL EDUCATION OF THE REPUBLIC OF UZBEKISTAN
TASHKENT INSTITUTE OF FINANCE
FACULTY FINANCE
PORTFOLIO
STUDENT YAXSHIBOYEV JAVOHIR
COURSE 2
GROUP MM55i
Tashkent – 2020
PORTFOLIO
QUESTION – ANSWER FORM
PLEASE, WRITE SHORT ANSWER UP TO 9-10 SENTENCES ON EACH QUESTION.
IF IT IS POSSIBLE, PLEASE, WRITE UP TO 3 EXAMPLES FOR A QUESTION!
Variant 22
INTERMEDIATE CONTROL 1
THEME 9. ESSENCE AND FUNCTIONS OF FINANCE
9.2. The main economic entities and their functions (description up to 10 sentences).
Answer:There are too many participants in economic processes. However, the main economic entities include the state, enterprises and households.
They have their own characteristics and functions
Households can function primarily as consumers and sometimes as raw materials or commodities.
Enterprises perform production and service functions.
It is known that the needs of society are met through the state. These include environmental protection, defense, national security, maintaining public order, social protection and more. Satisfaction of these needs depends on the financial activity of the state.
THEME 10. FINANCIAL SYSTEM
10.8. Essence of finance of households (up to 10 sentences).
Answer:A household is an economic entity in which one or more people live together and participate in financial processes as a result of their various activities. Households can perform a variety of tasks. It mainly serves as a consumer. In addition, they provide businesses with raw materials through their own farms or small businesses. In addition, households contribute to the creation of various budgets. In addition, households save money on investments based on their income.In addition, household finance includes the funds of individuals and investors engaged in entrepreneurial activities, as they are engaged in various financial relationships.
THEME 11. FUNCTIONS OF THE FINANCIAL SYSTEM AND THEIR EVOLUTION
11.1. Classifications of functions of the financial system(description up to 7 sentences and 3 examples).
Answer:
Main functions of the financial system are redistribute function, control function, regulatory function, transferring resources across in time, space or between branches, information support, risk management, clearing and settling payments, pooling of resources and the subdividing of equity units and solving the psychological problems of stimulation.
Redistribute function is the transfer of funds from one economic entity to another in certain economic processes. For example: construction companies are selling homes to buyers
Control function is the control of their quantity and value during these economic processes. I paid my English teacher a monthly fee and she counted the money
Clearing and settling payments refers to the form in which these payments are made, for example, in cash or by money transfer.
Information support is the acquisition of financial or economic processes or other information.
Risk management and Solving psychological problems of stimulation are similar.
I am afraid to spend a lot of money on medicines, so I buy health insurance
In this example, ″I am afraid to spend a lot of money on medicines″ is. risk management, and ″buying health insurance″ is solving the psychological problem of stimulation
THEME 12. FINANCIAL DECISIONS
12.2. Requirements to the decisions (description up to 7 sentences and 3 examples).
Answer: Decision means a conclusion or resolution reached after consideration. Requirements to the decisions:
1. The decision should have a clear aim. Because if the decision does not have a clear purpose, it will not be effective
2. It must be fully reasonable.
3. The decision must be consistent with previous and other decisions taken.
4. The management decision must be competent.
5. The decision must be effective.
6. The decision must be made on time. Failure to comply with the decision in a timely manner may result in damage or adversely affect performance.
Examples:
I decided to start a new business and made a lot of plans.
I was afraid to spend my income on the wrong things and decided to deposit them in the bank.
Managers of our company are developing decisions to cooperate with other companies that benefit our company.
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