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Home Economics

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

It is a financial gain earned from operating a business.

a)

profit

b)

salary

c)

bonus

d)

commission

2.

It is fixed regular payment typically paid on daily, monthly or biweekly basis.

a)

pension

b)

commission

c)

salary

d)

overtime payment

3.

If Cruz family has a combined net income of 30,000. How much will be spent for food if they allocated 40% for it?

a)

12,000

b)

12,100

c)

12,050

d)

12,115

4.

It is an incentive pay to certain individual from insurance, selling real estate, appliances and educational plans.

a)

bonus

b)

profit

c)

wage

d)

commission

5.

It is the fuel we need to

survive and it is where our energy came from.

a)

clothing

b)

education

c)

shelter

d)

food

6.

Defined as anything we use to achieve what we want (our goals)

and needs (to survive).

a)

Family

b)

Resources

c)

Management

d)

none of the above

7.

These are materials found in nature that can be used for practical

human purposes that are considered to have value.

a)

Material resources

b)

Non-material resources

c)

Human resources

d)

All of the above

8.

Resources possessed and utilized by persons example of this is capabilities

a)

Human Resources

b)

Material Resources

c)

Nonmaterial Resources

d)

Natural Resources

9.

Refers to intangible resources such as health, experiences, and time.

a)

Human Resources

b)

Material Resources

c)

Nonmaterial Resources

d)

None of the above

10.

It is the root of everything, it is where

everything starts, even before formal education. The basic unit of our society.

a)

Education

b)

Family

c)

Social needs

d)

All the choices are correct.