III. Encircle the correct answer.
21. It is defined as a supply of something that can be used or drawn from.
a. resource b. finances c. budget d. all of the above
22. These are the things we don’t really need but would like to have.
a. needs b. wants c. demands d. social needs
23. These are the things needed to survive such as food, water and shelter
a. social needs b. security needs c. basic needs d. psychological needs
24. It is a money received, especially on a regular basis, for work or through investments.
a. Cheque b. Income c. Salary d.Money
25. Those things that we would like to have but these are extra things that can wait.
a. expenses b. wants c. demands d. savings
26. The wise use of means to accomplish or achieve one’s purpose.
a. management b. resources c. financial d. all of the above
27. Is the act or manner of managing; handling, direction, or control.
a. energy b. resources c. management d. time
28. It is a resource which falls under Human resources.
a.energy b. time c. work d.savings
29. It is in the category of nonmaterial resources. A God-given gift that must be valued and used wisely. It is short and once lost, cannot be regained.
a. Energy b.Time c. Work d.Savings
30. A kind of resources where it is a non-human resource.
a. Cultural Resources b. Material Resources c.Non material Resources d.Human Resources
31. A kind of resources where Time is an example of it.
a. Family b. Material Resources c. Non material Resources d. Human Resources
32. These are the factors that needs to be considered when budgeting except for one.
a. Size of the family c. Talents and abilities of each member
b. Family income d. Friends of the family
33. These are items that are included in the budget except for one?
a. Entertainment and Sports c. Social needs
b. Shelter and education d. Savings/emergency budget
34. A family should have a knowledge of this to know how much is spent for family needs and where the income goes. What is it?
a. Planning b. Spending c. Saving d. Budgeting
35. It is a current medium of exchange in the form of coins and banknotes.
A. Cheque
B. Income
C. Salary
D. Money
21. It is defined as a supply of something that can be used or drawn from.
a. resource b. finances c. budget d. all of the above
22. These are the things we don’t really need but would like to have.
a. needs b. wants c. demands d. social needs
23. These are the things needed to survive such as food, water and shelter
a. social needs b. security needs c. basic needs d. psychological needs
24. It is a money received, especially on a regular basis, for work or through investments.
a. Cheque b. Income c. Salary d.Money
25. Those things that we would like to have but these are extra things that can wait.
a. expenses b. wants c. demands d. savings
26. The wise use of means to accomplish or achieve one’s purpose.
a. management b. resources c. financial d. all of the above
27. Is the act or manner of managing; handling, direction, or control.
a. energy b. resources c. management d. time
28. It is a resource which falls under Human resources.
a.energy b. time c. work d.savings
29. It is in the category of nonmaterial resources. A God-given gift that must be valued and used wisely. It is short and once lost, cannot be regained.
a. Energy b.Time c. Work d.Savings
30. A kind of resources where it is a non-human resource.
a. Cultural Resources b. Material Resources c.Non material Resources d.Human Resources
31. A kind of resources where Time is an example of it.
a. Family b. Material Resources c. Non material Resources d. Human Resources
32. These are the factors that needs to be considered when budgeting except for one.
a. Size of the family c. Talents and abilities of each member
b. Family income d. Friends of the family
33. These are items that are included in the budget except for one?
a. Entertainment and Sports c. Social needs
b. Shelter and education d. Savings/emergency budget
34. A family should have a knowledge of this to know how much is spent for family needs and where the income goes. What is it?
a. Planning b. Spending c. Saving d. Budgeting
35. It is a current medium of exchange in the form of coins and banknotes.
A. Cheque
B. Income
C. Salary
D. Money
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Answer:
21.d
22.a
23.a
24.c
25.a
26.d
27.c
28.c
29.b
30.c
31.c
32.d
33.a
34.d
35.a
Explanation:
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