T.L.E. VI - Home Economics Quiz

What do we call the things, ideas or qualities of an individual or a family?

• goals

• resources

• values

• decisions

Mr. and Mrs. Saz save money to buy a new house. They want a bigger one because their children grow older. What kind of resources they need to have to meet the needs of their family?

• human resources

• natural resources

• nonhuman resources

• intangible resources

What do we call the additional income for a family member who has written a book, composed a song, or invented a thing?

• lease of property

• pension

• royalty and copyright

• salary

Out of family resources, what are considered as the most used by the family?

• time, energy and money

• skills, attitude and knowledge

• recreational center and transport facilities

• water, electricity and hospitals

What do we call the money that flows into the family to be used in exchange for goods, services and energy?

• salary

• investment

• income

• properties

What do we call the money paid by the family for goods and services they get?

• income

• resources

• profit

• expenses

What do we call the bigger share in the allocation of your family income?

• food

• shelter

• education

• clothing

What do we call the amount allocated for the payment of school fees, allowances, uniform, books and other school supplies?

• clothing

• medical and dental

• social obligations

• education

During payday, mother alloted an amount to be deposited in the bank for emergency purposes or for something to be bought in the future. What component of the budget is being considered?

• savings

• education

• social obligation

• recreation

What do we call the allocation of budget for the family who attends personal events like birthdays, anniversaries and wedding?

• savings

• social obligation

• shelter

• clothing