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Gr 6 1st Quarter Exam HELE Reviewer

Total questions: 41

Worksheet time: 41mins

Name
Class
Date
1.

This is the combined money earned by the father and the mother and other working members of the family.

(a)  

2.

Money earned from working as employees of a commercial/industrial/services companies.

(a)  

3.

Money earned from selling real estates, insurance, appliances, educational plans, life plans, and the like

(a)  

4.

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

(a)  

5.

Money earned from services rendered such as repair of appliances/vehicles, consultations, writing research projects/thesis, book writing, running errands, doing laundry for others, catering, and baking cake and pastry products for friends and acquaintances.

(a)  

6.

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

(a)  

7.

Money earned from operating a business.

(a)  

8.

Are those which the family possesses and make use of in order to achieve family goals.

(a)  

9.

Are those which refer to family members and what each one possesses.

(a)  

10.

These are both native and acquired.

(a)  

11.

These include ideas, opinions, inclinations, biases, and feelings toward something.

(a)  

12.

This includes facts and information.

(a)  

13.

This is the capacity to do work.

(a)  

14.

These are things and elements which are available to the family and to everyone.

(a)  

15.

This is made of short and long periods.

(a)  

16.

This is the purchasing power that helps one to acquire needed goods and services.

(a)  

17.

This can be durable, nonperishable, and perishable.

(a)  

18.

Available to the family include police station, park roads, public schools and library, health centers, government hospitals, etc.

(a)  

19.

This include rain, sunlight, air, and soil help man provide for his basic needs such as food, shelter, and clothing

(a)  

20.

These are things the family would want to achieve.

(a)  

21.

Goals that can be attained for a short period of time.

(a)  

22.

Goals that took years to be attained.

(a)  

23.

These are basic or essential to living.

(a)  

24.

These are desires an individual would like to have or posses to give him/her enjoyment and satisfaction.

(a)  

25.

This is a list of items of expenditures that one plans to spend in a given time with a given income or amount.

(a)  

26.

This is a nonhuman resource which refers to a period that continues and in which an action or condition exists.

(a)  

27.

This is a human resource which refers to one's capacity to do work.

(a)  

28.

This is an amount set aside regularly for the daily expenses of the family like food, transportation, children's allowances, and others.

(a)  

29.

This amount may be increased or decreased depending on the money available.

(a)  

30.

This is a small percent of the family income that was set aside for the needs that may unexpectedly arise.

(a)  

31.

Type of spending

Adequate food, clothing, transportation, and other personal needs are basic items that one needs from day to day.

(a)  

32.

Type of spending

For a personal budget, one thinks in terms of a new cellphone, dress, jewelry, books, and other items that require big cash.

(a)  

33.

Type of spending

Setting aside an amount at a regular period of a month or a year and depositing this in a bank is really a form of spending.

(a)  

34.

Type of spending

spending for fun and satisfaction that comes occasionally can be part of a budget.

(a)  

35.

This component is the highest priority in the household budget.

(a)  

36.

These include rentals and bills such as electricity, water, telephone, and other services that contribute to the physical comfort of one's home.

(a)  

37.

This component includes tuition fees, books, school supplies, school projects, textbooks, and allowances.

(a)  

38.

This is considered as one of the most important items that needs to be prioritized.

(a)  

39.

This needs have become only secondary to food and other needs, like education and health, more so if the budget is limited.

(a)  

40.

Today, this has become expensive, even more so when the family commutes everyday from home to school or place of work.

(a)  

41.

This needs serve to balance work and play

(a)