3. An example of material resource is__

A. Energy

B. Time

C. House and Lot

D. Talents

4. it is in the category of non-material resources. It is short and once lost, cannot be regained.

A. Energy

B. Time

C. Work

D. Savings


5. It is a resource that comes from within the people. It includes skills, knowledge, talents, etc.

A. Human resources

B. Material resource

C. Non-material resources

D. Cultural resources

6. These are the things we do not really need but would like to have.

A. Money

B. Wants

C. Needs

D. Foods

7. These are the factors that need to be considered when budgeting, EXCEPT for one. What is it?

A. Size of the family

B. Family income

C. Talents and abilities of each member

D. Friends

8. It is an amount allocated for the payment of school fees, allowances, uniform, books, and other school supplies.

A. Clothing

B. Education

C. Social Obligations

D. Medical and Dental

9. During payday, mother allot an amount to be deposited in the bank for emergency purposes or for something to be bought in the future. What component of the budget is being considered?

A. Savings

B. Social Obligations

C. Education

D. Recreational Activities

10. Which of the following does NOT show good management of family income?

A. Certain amount should be saved regularly

B. Spend all your income for the whole month

C.Members of the family must strive to meet its needs

D.Set family guidelines in spending montly income​