Accounting Multiple Choice Question – 22 February 2025

Ken and Jill are couple in their early 60s with grown-up children Lucy and Alex.

The key financial objective for Ken and Jill will be to maximise income because?

Select ONE answer:

1. Their expenditure is so high
2. They can save and invest for retirement
3. They can launch their work careers
4. They can buy their first house

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct == > At this stage in their lives people generally aim to build up their retirement ‘nest-eggs’. As their children are grow-up, their expenditure is not so high, plus they have generally already bought property and established careers.
3. Not correct
4. Not correct

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