Which of the following is an example of a human resource in a family?

• Time

• Knowledge

• Money

• Environmental resources

What type of resource does the ability to solve mathematical problems represent?

• Attitude

• Skill

• Knowledge

• Energy

Which of the following is NOT an example of a non-human resource?

• Goods and property

• Time

• Attitude

• Environmental resources

What is the primary purpose of managing family resources wisely?

• To buy more goods

• To save money for the future

• To achieve family goals effectively

• To complete tasks quickly

Which of the following tips does NOT help in managing resources effectively?

• Shifting between heavy and light work

• Meeting wants before needs

• Taking care of appliances and furniture

• Using community facilities like parks and schools

What is the most important factor in ensuring effective use of resources in the home?

• Access to money

• Skills of the family members

• Management by the home manager

• Availability of tools and equipment

How can one reduce the cost of repair and replacement of household items?

• By using community facilities

• By adopting a cheerful attitude toward work

• By cleaning and maintaining appliances and tools

• By budgeting money wisely

Which of the following is not a source of family income?

• Salaries/wages

• Bonus

• Rent payment

• Commission

What is family income?

• The money spent by the family every month

• The combined money earned by family members at the end of a period or month

• The money saved by the family every year

• The profit made from selling household items

Which of the following describes a pension?

• Money earned from services rendered

• Money granted upon retirement from service

• Profit earned from operating a business

• A bonus given for exceeding sales targets