Direction: Choose the letter of the correct answer. Write the answer in the space provided for.

1. It is a money that an individual or business receives in exchange for providing goods or services.

A. Budget
B. Incentives
C. Income
D. Resources

2. What do you call the process of organizing and planning on how to divide your time between specific activities?

A. Business Management
C. Home Management
B. Financial Management
D. Time Management

3. This type of family resources refer to tangible assets such as house and lot, furniture appliance, jewelry, automobile and cashes.

A. Farm Resources
C. Material Resources
B. Human Resources
D. Non-material Resources

4. Which of the following refers to non-material resources?

A. car, appliance, jewelry
C. love, companionship, leisure
B. dividend, gift, interest
D. time, health, experience

5. The following are the tips in wise spending of family income, EXCEPT

A. Buy fruits and vegetables in season. B. Buy very expensive ingredients for cooking
C. Be familiar with the stores offering lowest prices.
D. Make a list of all the things needed at home and their specification

6. What are the things required by people in order to survive?

A. Basic Needs
C. Physical Needs
B. Emotional Needs
D. Social Needs

7. It includes anything tangible or intangible that helps provide for the needs of its members of the family.

A. Animal Resources
C. Marine Resources
B. Family Resources
D. Mineral Resources

8. This kind of needs help us feel a sense of belonging and acceptance. These can be anything from education, sports, travel and leisure.

A. Basic Needs
C. Physical Needs
B Emotional Needs
D. Social Needs

9. Which of the following is NOT a type of family income?

A. Money Income
C. Real Income
B. Psychic Income
D. Total Income

10. It is a kind of money income that refers to medical allowances

A. Dividends
C. Sick benefits
B. Pensions
D. Wages

11. The following are the factors affecting family budget EXCEPT:

A. Composition of the family
C. recreation of the family
B. Income of the family
D size of the family ​