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WorksheetsUnit 4 Life and Resource Management
Total questions: 25
Worksheet time: 17mins
True or False? SMART goals help you reach your goals in a Specific, Measurable, Attainable/Achievable, Realistic/Relevant, Time Bound manner.
False
True
Time, money, and possessions are examples of what kind of resources?
Community
Material
Human
School
Knowledge, talent, energy, and skills are examples of what kind of resources?
Community
Material
Human
School
Parks, schools, libraries, or facilities are examples of what kind of resources?
Community
Material
Human
School
True or false? Community resources can also be material resources.
True
False
Planner, goal setting, to-do list, schedules are examples of?
Time Wasters
Time Savers
Time Management Tools
___________ is when an employee is paid based on the number of hours they have worked.
Hourly Wage
Salary
________ is the amount of money an employee makes based on a years worth of income.
Hourly Wage
Salary
Gross Income
The total amount of money you make before taxes and benefits are taken from a paycheck.
Net Income
The amount of money you make after taxes and benefits are taken from a paycheck.
Pay Stub
Where all information regarding gross income, net income, taxes and benefits can be found.
Reorder the following steps to develop a budget
Establish Financial Goals
Determine Sources of Income
Estimate Expenses
Compare Income and Expenses
Select all that apply. A budget should include:
Net Income
All bills and expenses
Savings
Gross Income
Stocks and Bonds are examples of:
Investment opportunities
Retirement Savings
Safe places to keep your money
True or False? Loans are a form of credit.
True
False
True or False? Credit is your own earned money?
False
True
True or False? Debit is money you have borrowed from a bank with interest.
False
True
What are some ways you can build credit history/credit score?
Select all that apply.
Open a checking account
Apply for a credit account
Use cash only
No down payments
401K, IRA, Roth IRAs are all examples of (a)
True or False? Most clothing comes with care instructions on a tag.
True
False
Match the following laundry related terms
Drying
tumble drying, line drying, flat drying.
Ironing
moving a flat iron across fabric to remove wrinkles.
Pressing
done on seams and curves to touch up wrinkles after drying.
Dry Cleaning
process that cleans clothes using organic chemical solvents.
Select the single-family house/dwelling example.
Condominium
Cooperative
Tract House
Apartment
Select the Multi-family house/dwelling.
Freestanding home
Apartment
Attached Home
Manufactured Home
Select an example of a renting disadvantage.
No Equity of Investment
Economical
Not liable for certain home issues
No long term commitment
Select an example of an advantage to owning a home.
Appraisal costs
Closing costs
Improves credit ratings
Responsible for surprise repairs/costs
True or False? Elements of design are focused on smaller items like texture, color, and light.
True
False
True or False? Principals of design or focused on overall rhythm and balance of a space.
True
False
