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Home Economics · 50 practice questions
Human resources (time management, energy management, work simplification, skills, creativity, attitudes); material resources (income and money management, household budgeting, economic security, bank accounts, traditional savings, building societies and insurance).
- Identify the resources available to the individual and family.
- Describe the pattern of a work plan.
- Apply the principle of time management to work simplification in the home.
- Identify the sources of income available to an individual and family.
- Determine the means and reasons for family saving.
- Determine the steps involved in family budgeting.
- Analyse the principles of money management.
- State other material resources available to an individual and family.
Try a few questions
- Practice question 1
A wise use of time in home management involves
- A.doing tasks in a completely random order
- B.ignoring which tasks are most urgent
- C.spending all available time on the least important task
- D.prioritizing tasks based on their importance and urgency
Show the answer
D. prioritizing tasks based on their importance and urgency
Prioritizing by importance and urgency is central to good time use.
- Practice question 2
Saving a portion of income regularly mainly helps a family to
- A.guarantee immediate financial ruin
- B.build resources for future needs or emergencies
- C.eliminate the need for any future planning
- D.reduce the family's ability to meet future needs
Show the answer
B. build resources for future needs or emergencies
Regular saving builds a cushion for future needs and emergencies.
- Practice question 3
A budget deficit occurs in a family when
- A.income exceeds available expenses
- B.income and expenses are exactly equal
- C.expenses exceed available income
- D.no income or expenses exist at all
Show the answer
C. expenses exceed available income
A deficit specifically means spending more than is earned.
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