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Managing Family Resources

Total questions: 20

Worksheet time: 3mins

Name
Class
Date
1.

Human resources are those which refer to family members and what each one possesses.

a)

TRUE

b)

FALSE

2.

Non-human resources are things and elements which are available to the family and to everyone.

a)

TRUE

b)

FALSE

3.

Knowledge doesn’t include facts and information.

a)

TRUE

b)

FALSE

4.

Budget is the capacity to work effectively.

a)

TRUE

b)

FALSE

5.

Time is made of short periods only.

a)

TRUE

b)

FALSE

6.

Money is the purchasing power that helps one acquire his needs.

a)

TRUE

b)

FALSE

7.

Community facilities are durable, non-perishable and perishable.

a)

TRUE

b)

FALSE

8.

Rain, sunlight, and air are example of environmental resources.

a)

TRUE

b)

FALSE

9.

1. Abilities and skills are both native and acquired.

a)

TRUE

b)

FALSE

10.

The peso, is not the Philippine currency.

a)

TRUE

b)

FALSE

11.

Money earned from working as an employee?

a)

Bonus

b)

Pension

c)

Salaries

12.

Money earned from operating a business?

a)

Profit

b)

Wages

c)

Bonus

13.

Money earned from services rendered?

a)

Commission

b)

Fees from services

c)

Salaries

14.

Money granted by the government or private companies upon one's retirement from service?

a)

Investment

b)

Allowance

c)

Pension

15.

Money given as addition to a regular income as a recognition for a number of years of service in a company?

a)

Bonus

b)

Pension

c)

Profit

16.

Most priority in the household budget.

a)

Education

b)

Food

c)

Clothing

17.

This component includes tuition fees, books, and allowances.

a)

Recreatonal needs

b)

Education

c)

Shelter

18.

Considered as one of the most important items that need to be prioritized.

a)

Food

b)

Clothing

c)

Health needs

19.

These include rentals and electric bills such as electricity, water, etc.

a)

Shelter

b)

Education

c)

Transportation

20.

This needs have become only secondary to food and other needs.

a)

Clothing

b)

Social needs

c)

Health needs