1. A. Directions: Read the questions carefully, write the letter of the correct answer in your answer
sheet:
1. These are those which the family possesses and makes use of in order to achieve family goals.
A family resources B. human resources C. material resources Dienvironmental resources
2. These are things and elements which are available to the family and to everyone.
A family resources B. human resources C. environmental resources D. material resources
3. These includes ideas, opinions, inclinations, biases and feelings towards something
A time B.energy C.attitude D. community facilities
4. This is the purchasing power that helps one to acquire needed goods and services. The Peso, our
Philippine currency, is used as an exchange medium of goods and services.
A time 8. money C. community facilities D. environmental resources
5. It is the amount of money set aside for planned expenses. It is a plan specifying how much money will
be spent or allocated during a particular period.
A budget B. clothing C health needs D. shelter and other related needs
5. It is the total income earned by all the members of the household.
A money B. profit C. pension D. family income
7. The money given as addition to a regular income as the recognition for number of years of service in a
company is called
A bonus B. profit C. pension D. commission
8. What do we call the money earned from working employees of a commercial/industrial service
companies?
A bonus B. profit C. pension D. salary/ wages
9. This is a need that has become only secondary to food or other needs, like education, more so if the
budget is limited.
A food B. clothing C. Health needs D. Shelter and other related needs
10. This component is the priority in the household budget. Approximately 50%-60% of the budget goes
A food B. cloth c. health needs D. shelter and other related needs​