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QUATER 3-TLE-MODULE 2

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

It refers to the management of income and expenses that affects the family.

a)

Family Finance

b)

Income

c)

Expense

2.

Usually income of the family comes from the employment and / or profit from a business or  commission like in selling real estate or selling beauty products.

a)

True

b)

False

c)

Maybe

3.

refers to the money paid by the family for goods and services that they get.

a)

Budget

b)

Expenses

c)

Income

4.

 You need to eat every day, so this gets the smallest share in the allocation of your family income.

a)

Trye

b)

False

5.

Clothing needs of family members differ from one another depending on the physical growth, status, and development rate of family members, and occasion or engagements attended.

a)

True

b)

False

6.

   Families should not allocate an amount of their income for education.

a)

True

b)

False

7.

This is paid on a monthly basis.

a)

Clothing

b)

Utilities

8.

This is a separate amount of money that is set aside for emergency purposes or allotted for something to be bought in the future “Save for the rainy days” so the saying goes.

a)

Shelter

b)

Savings

c)

Social and Moral Obligations

9.

The more family members are there, the bigger amount of income is spent on food, schooling, clothing, and for their other basic needs.

a)

True

b)

False

10.

Today, money is considered as the most important among the resources of the family.

a)

True

b)

False