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Unit 4 Life and Resource Management

Total questions: 25

Worksheet time: 17mins

Name
Class
Date
1.

True or False? SMART goals help you reach your goals in a Specific, Measurable, Attainable/Achievable, Realistic/Relevant, Time Bound manner.

a)

False

b)

True

2.

Time, money, and possessions are examples of what kind of resources?

a)

Community

b)

Material

c)

Human

d)

School

3.

Knowledge, talent, energy, and skills are examples of what kind of resources?

a)

Community

b)

Material

c)

Human

d)

School

4.

Parks, schools, libraries, or facilities are examples of what kind of resources?

a)

Community

b)

Material

c)

Human

d)

School

5.

True or false? Community resources can also be material resources.

a)

True

b)

False

6.

Planner, goal setting, to-do list, schedules are examples of?

a)

Time Wasters

b)

Time Savers

c)

Time Management Tools

7.

___________ is when an employee is paid based on the number of hours they have worked.

a)

Hourly Wage

b)

Salary

8.

________ is the amount of money an employee makes based on a years worth of income.

a)

Hourly Wage

b)

Salary

9.

Match the following

a)

Gross Income

1.

The total amount of money you make before taxes and benefits are taken from a paycheck.

b)

Net Income

2.

The amount of money you make after taxes and benefits are taken from a paycheck.

c)

Pay Stub

3.

Where all information regarding gross income, net income, taxes and benefits can be found.

10.

Reorder the following steps to develop a budget

a)

Establish Financial Goals

b)

Determine Sources of Income

c)

Estimate Expenses

d)

Compare Income and Expenses

1)
2)
3)
4)
11.

Select all that apply. A budget should include:

a)

Net Income

b)

All bills and expenses

c)

Savings

d)

Gross Income

12.

Stocks and Bonds are examples of:

a)

Investment opportunities

b)

Retirement Savings

c)

Safe places to keep your money

13.

True or False? Loans are a form of credit.

a)

True

b)

False

14.

True or False? Credit is your own earned money?

a)

False

b)

True

15.

True or False? Debit is money you have borrowed from a bank with interest.

a)

False

b)

True

16.

What are some ways you can build credit history/credit score?

Select all that apply.

a)

Open a checking account

b)

Apply for a credit account

c)

Use cash only

d)

No down payments

17.

401K, IRA, Roth IRAs are all examples of ​ (a)  

Choose from the below words
Retirement Savings Accounts
Retirement Plans
Employer Funded Savings
Employer Benefit Programs
18.

True or False? Most clothing comes with care instructions on a tag.

a)

True

b)

False

19.

Match the following laundry related terms

a)

Drying

1.

tumble drying, line drying, flat drying.

b)

Ironing

2.

moving a flat iron across fabric to remove wrinkles.

c)

Pressing

3.

done on seams and curves to touch up wrinkles after drying.

d)

Dry Cleaning

4.

process that cleans clothes using organic chemical solvents.

20.

Select the single-family house/dwelling example.

a)

Condominium

b)

Cooperative

c)

Tract House

d)

Apartment

21.

Select the Multi-family house/dwelling.

a)

Freestanding home

b)

Apartment

c)

Attached Home

d)

Manufactured Home

22.

Select an example of a renting disadvantage.

a)

No Equity of Investment

b)

Economical

c)

Not liable for certain home issues

d)

No long term commitment

23.

Select an example of an advantage to owning a home.

a)

Appraisal costs

b)

Closing costs

c)

Improves credit ratings

d)

Responsible for surprise repairs/costs

24.

True or False? Elements of design are focused on smaller items like texture, color, and light.

a)

True

b)

False

25.

True or False? Principals of design or focused on overall rhythm and balance of a space.

a)

True

b)

False