POST-TEST Theoritical Foundations of Home Management

According to psychology today, a mother is a pillar of the emotional stability of a family. Why?

• Because when a child or husband is sick, the mother is the one who will take on the role of a doctor at home.

• Because she serves as a steadfast shield, diligently guarding his loved ones from harm and adversity, both physical and emotional

• It's because a mother always provides space and a place within herself to hold all the feelings of her children and husband and does her best to keep them from getting hurt

How is financial management differs from financial budgeting?

• With a financial plan and budgeting you both typically track your progress on a quarterly or semi-annual basis where

• While a budget helps you map out your key expenses and plan for the weeks and months to come, a financial plan allows you to set a course toward funding financial goals that are 5, 10, or 20 years down the road

• a financial plan requires building a short-term strategy for getting you where you want to go, while building a budget means money management annually

Why is home management important?

• because it will serve as your guide for your family vacation and expenses

• it helps to reduce stress and keep things organized and it gives you more time to spend with your family and enjoy your life.

• to set goals for your fun and luxury

Why are fathers considered as " the celebrant"

• because they carry out many professions

• because he cares for his children when sick, cooks porridge or soup, gives medicine, makes them comfortable, and performs other "doctor" tasks.

• because they are the ones who wholeheartedly celebrate their children's achievements, both big and small,instilling a belief in their children's abilities and fostering a lifelong drive for personal growth and success.

how do we manage budget constraint?

• prioritize your needs and identify what is essential, desirable, or optional for your organization

• take risks and strategies

• plan your travels ahead of time

How do we overcome resource constraints?

• Make the challenge known

• 1. Automate repetitive tasks.

• Extend the project timeline

Why should we learn how to manage family resources wisely?

• To ensure financial stability

• to secure future plan of travels and luxury

• to allocate money for your shopping needs

How important is decision-making in family household?

• to share simple task to make them sensible to take a wise decision according to own needs

• Family members involved in decision-making will often work towards individual goals that may be in conflict with family goals.

• Family decision-making provides an environment where the family works towards goals that all family members have in common

How do you manage decision making?

• Identify the decisions that you dont have to make

• Think about possible alternatives.

• Focus only on a single solution

How does decision-making relate to management?

• They may affect employees, other members of management or the company's reputation.

• This involves evaluating the pros and cons of various choices and choosing the best option to achieve a desired outcome

• The quality/success of the manager largely depends upon the number of right decisions that he/she can take for organizational success.