Q2-G6-HELE 6- LESSON 1- BUDGET

What does the term "budget" mean?

• the things needed by a family to stay alive.

• the monetary payment received for goods or services.

• an estimate, often itemized, of expected income and expense for a given period in the future.

• means used to get one's needs and reach one's goals.

Which of the following is an example of a basic need?

• television and video games

• internet access

• food, water, and oxygen

• entertainment and leisure activities

What is the definition of "income"?

• the things needed by a family to stay alive

• the monetary payment received for goods or services

• an estimate, often itemized, of expected income and expense for a given period in the future

• means used to get one's needs and reach one's goals

How would you define "resources"?

• the things needed by a family to stay alive

• the monetary payment received for goods or services

• an estimate, often itemized, of expected income and expense for a given period in the future

• means used to get one's needs and reach one's goals

What are basic needs?

• things needed by a family to stay alive and have a good life

• things needed for entertainment and leisure activities

• things needed for educational purposes

• things needed for socializing with others

Which of the following is a basic need?

• clothing and shelter

• video games and toys

• luxury holidays and vacations

• expensive gadgets and electronics

Which of the following is not a basic need?

• food, water, and oxygen

• safety and security

• clothing and shelter

• high-speed internet access

Why do families need clothing and shelter?

• to protect themselves from unfavorable environmental conditions

• to have luxury and comfort

• to show off their wealth to others

• to have a place to store their belongings

What is the importance of safety and security for a family?

• it allows them to feel safe and secure in their community

• it provides them with financial stability

• it helps them achieve their long-term goals

• it allows them to have access to high-quality education

Which category do basic needs fall under?

• basic and social needs

• educational needs

• entertainment needs

• spiritual needs