Practice Family Resource Management Practical Work (7.2.3)

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9 questions

Flashcard drill
4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is the first step in creating a budget?
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Think about how you receive money.
Question 2.
Name two categories of expenses.
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Consider what you pay for monthly.
3Question 3.
What is budgeting primarily used for?
- Tracking income
- Identifying expenses
- Both tracking income and identifying expenses
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Think about what information budgeting provides.
4Question 4.
True or False: Effective time management can lead to reduced stress.
- True
- False
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How does organization impact your day?
Question 5.
A family finds their monthly expenses exceed their income by $200. Propose a detailed plan for them to adjust their budget.
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Where could cuts be made in your spending?
Question 6.
Evaluate the time management strategies of a family who feels overwhelmed with activities and chores. Suggest a practical solution.
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How can scheduling improve your day?

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