I. Multiple Choice: Choose and write the letter of your answer on the blank provided

before the number.

____1. Mr. and Mrs. Luna save money to buy a new house. They want a bigger one

because their children grow older. What kind of resources they need to have to

meet the needs of their family?

A. Human Resources

C. Non-Human Resources

B. Natural Resources

D. Tangible Resources

_____ 2. Out of family resources, what are considered as the most used by the family.

A. Time, energy and money

B. Skills, attitudes and knowledge

C. Water, electricity and hospitals

D. Recreational Center and Transport Facilities

_____ 3. It is a tangible asset such as house and lot, furniture and

appliances, jewelries, automobiles, and cash of the family.

A. Human Resources

C. Material Resources

B. Income

D. Non-Material Resources

____ 4. These are requirements for sustaining life and promoting physical and

mental growth for the children within the family.

A. Basic Needs

C. Shelter

B. Food

D. Social Needs

_____ 5. Things such as acceptance, appreciation, belonging and

companionship is ________ needs of the family.

A. Basic

B. Shelter

C. Food

D. Social

For item number 6-10. Look at the table and answer the following question below.

Family’s Monthly Budget

Monthly Income: Php 20, 000

Family Members: 3

Item

% of Budget Allotted

Amount

Food

40%

Php 8,000.00

Education

25%

Php 5,000.00

Shelter

10%

Php 2,000.00

Utilities

10%

Php 2,000.00

Household Operation

6%

Php 1,200.00

Clothing

3%

Php 600.00

Recreation

3%

Php 600.00

Savings

3%

Php 600.00

Total

100%

Php 20,000.00

_____ 6. Which part of the family’s budget has the biggest allocation?

A. Education

B. Food

C. Savings

D. Shelter

_____ 7. How many percent were allotted for family’s clothing?

A. 2%

B. 3%

C. 5%

D. 10%

_____ 8. How much budget was allotted for the household operation?

A. Php. 1,200.00

C. Php. 2,000.00

B. Php. 5,000.00

D. Php. 600.00

_____ 9. Utilities were given 10% budget. How much money was allocated for it?​