Household Resources Management Final Exam
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Which process that identifies current and future human resources needs for an organization?
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Designing
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Staffing
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Planning
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Selecting
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This final exam in Household Resources Management assesses key competencies in planning, economic resource utilization, and financing options. It prepares learners for effective management roles by focusing on practical and strategic aspects of resource management.
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- 2.
Resources which factors are used in producing goods or provides services
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Information Resources
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Economic Resources
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Financial Resources
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Time Resources
Correct Answer
A. Economic ResourcesExplanation
Economic resources are the factors used in producing goods or providing services. These resources include natural resources, labor, capital, and entrepreneurship. Natural resources refer to materials found in the environment, such as land, water, and minerals. Labor refers to the human effort and skills used in production. Capital includes physical assets like machinery, buildings, and equipment. Entrepreneurship involves the organization and management of resources to create and operate a business. These economic resources are essential for the production process and contribute to the overall economic output.Rate this question:
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- 3.
It helps to facilitate or directly involved in the production distribution of good and services.
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Information Resources
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Economic Resources
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Financial Resources
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Time Resources
Correct Answer
A. Economic ResourcesExplanation
Economic resources are essential in the production and distribution of goods and services. These resources include land, labor, capital, and entrepreneurship. Land provides the raw materials and space for production, while labor involves the human effort required in the production process. Capital refers to the machinery, equipment, and financial resources needed for production. Lastly, entrepreneurship involves the organization and management of these resources to create and distribute goods and services. Therefore, economic resources play a crucial role in facilitating and directly participating in the production and distribution of goods and services.Rate this question:
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- 4.
Which financing funding states that “raising funding from equity is a trade
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Equity Financing
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Debt Financing
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Grants
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Loans
Correct Answer
A. Equity FinancingExplanation
Equity financing refers to the practice of raising funds by selling shares of ownership in a company. This means that individuals or entities invest in the company and become shareholders, with a proportional claim on the company's assets and profits. Unlike debt financing, where funds are borrowed and need to be repaid with interest, equity financing does not require repayment. Grants and loans are also forms of financing, but they differ from equity financing as they involve either receiving funds that do not need to be repaid (grants) or borrowing money that needs to be repaid with interest (loans).Rate this question:
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- 5.
Which financing funding states that in taking out loans is a everyday part of business finances.
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Equity Financing
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Dept Financing
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Grants
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Loans
Correct Answer
A. Dept Financing -
- 6.
Which resources that aims you to be successful in life?
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Physical
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Education
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Knowledge
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Skills
Correct Answer
A. EducationExplanation
Education is a crucial resource that aims to make individuals successful in life. It provides individuals with the necessary knowledge, skills, and abilities to excel in various aspects of life. Through education, individuals gain a deeper understanding of the world around them, develop critical thinking skills, and acquire practical skills that are essential for personal and professional growth. Education equips individuals with the tools they need to navigate challenges, make informed decisions, and achieve their goals. It opens doors to opportunities, broadens perspectives, and empowers individuals to reach their full potential.Rate this question:
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- 7.
Which non-human resources is important to a family for achieving the goals
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Time
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Money
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Properties
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Goods
Correct Answer
A. TimeExplanation
Time is an important non-human resource for a family to achieve their goals because it allows them to allocate and manage their activities effectively. With proper time management, families can prioritize tasks, spend quality time together, and work towards their goals. Time also allows for personal growth, learning, and development within the family. Additionally, time management helps families to balance work, personal life, and leisure activities, leading to a more fulfilling and successful family life.Rate this question:
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- 8.
These are the expertise or talent needed in order to do a job.
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Labor
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Knowledge
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Skills
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Education
Correct Answer
A. SkillsExplanation
Skills are the expertise or talent needed in order to do a job. While labor, knowledge, and education are important factors in job performance, skills specifically refer to the abilities and competencies required to perform specific tasks or duties effectively. Skills can be acquired through education and training, and they are essential for successfully carrying out job responsibilities.Rate this question:
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- 9.
Learning through own effort and initiatives
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Formal Education
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Non-formal Education
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Informal Education
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Basic education
Correct Answer
A. Informal EducationExplanation
Informal education refers to learning that occurs outside of a formal classroom setting, often through personal experiences and self-directed efforts. It involves acquiring knowledge and skills through practical activities, observation, and interactions with others. This type of education is usually voluntary and driven by personal interests and motivations. Unlike formal education, which follows a structured curriculum and is typically provided by educational institutions, informal education allows individuals to learn at their own pace and explore topics of their choice. It can occur in various settings such as community organizations, workshops, online platforms, or even through conversations with family and friends.Rate this question:
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- 10.
The smallest and the most important social institutions.
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Nuclear Family
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Family
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Extended Family
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Household
Correct Answer
A. FamilyExplanation
The correct answer is "Family". Family is considered the smallest and most important social institution because it is the basic unit of society where individuals are nurtured, socialized, and provided with emotional support. It is where values, traditions, and cultural practices are passed down from one generation to another. Family provides a sense of belonging, identity, and stability for its members, and it plays a crucial role in shaping an individual's development and well-being.Rate this question:
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- 11.
Which is not a skill in preparing food?
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Managing
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Sequencing
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Literacy
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Actions
Correct Answer
A. ManagingExplanation
Managing is not a skill in preparing food. Managing refers to the ability to organize and oversee tasks, people, or resources, which may be relevant in a kitchen setting but is not directly related to the act of preparing food itself. Skills such as sequencing, literacy (reading and understanding recipes), and actions (performing the necessary steps to prepare food) are all essential in the process of preparing food.Rate this question:
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- 12.
Which of the following items is NOT a life skills?
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Car maintenance
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Shopping
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Shopping
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Attend School Meeting
Correct Answer
A. Attend School MeetingExplanation
Attending a school meeting is not considered a life skill because it does not fall under the category of essential skills needed to navigate and succeed in daily life. Life skills typically include abilities such as communication, problem-solving, decision-making, time management, and financial literacy. While attending a school meeting may involve some of these skills, it is not a standalone life skill as it is specific to the context of school-related activities.Rate this question:
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- 13.
Which human resources consider as the containers that store explicit knowledge.
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Physical
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Education
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Knowledge
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Skills
Correct Answer
A. KnowledgeExplanation
Human resources consider knowledge as the containers that store explicit knowledge. Knowledge refers to the information, facts, and expertise that individuals possess and can articulate. It is the understanding and awareness that individuals have acquired through education, training, and experience. In the context of human resources, knowledge is seen as a valuable asset that can be shared, transferred, and utilized within an organization to improve performance and decision-making. Therefore, knowledge is considered as the containers that store explicit knowledge.Rate this question:
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- 14.
Which of following is the benefit of manual labor
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Builds Character
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Aids Sleep
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Build mental ability
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All of the above
Correct Answer
A. All of the aboveExplanation
Manual labor has several benefits, including building character, aiding sleep, and enhancing mental ability. Engaging in physical work requires discipline, perseverance, and a strong work ethic, which helps develop positive character traits. Manual labor also promotes better sleep by physically exhausting the body and reducing stress levels. Additionally, it improves mental ability by stimulating cognitive functions, enhancing problem-solving skills, and increasing focus and concentration. Therefore, all of the given options are correct as they highlight different advantages of manual labor.Rate this question:
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- 15.
How many calories will burn if person will stand in one hour?
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45%
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50%
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55%
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60%
Correct Answer
A. 50%Explanation
Standing burns approximately 50% of the calories compared to sitting. Standing requires more energy as it engages muscles to maintain balance and posture. This increased muscle activity leads to a higher calorie burn compared to sitting. Therefore, if a person stands for one hour, they will burn approximately 50% more calories compared to if they were sitting during that same time period.Rate this question:
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- 16.
Which goals of HRM in Education that is critical for effective educational functioning.
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Strategic Roles
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Lack of Education
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Poverty Trap
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Poor Health
Correct Answer
A. Strategic RolesExplanation
Strategic roles in HRM are critical for effective educational functioning because they involve aligning HR practices with the overall goals and objectives of the educational institution. This includes recruiting and selecting qualified teachers and staff, providing training and development opportunities, implementing performance management systems, and creating a positive work environment. By strategically managing human resources, educational institutions can ensure that they have the right people in the right positions, which ultimately contributes to the overall success and effectiveness of the organization.Rate this question:
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- 17.
Which effect of lack of education that is considered as do not have skills in speaking in public?
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Poor Health
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Lack of Voice
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Poverty Trap
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Unemployment
Correct Answer
A. Lack of VoiceExplanation
Lack of Voice refers to the effect of lack of education where individuals do not possess the necessary skills to effectively communicate or express themselves in public settings. This can hinder their ability to participate in discussions, share their opinions, or advocate for themselves. It can lead to feelings of powerlessness and exclusion from important decision-making processes.Rate this question:
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- 18.
Which skills that are ideal opportunity to train your child hoe to categorized the items and used it in the future?
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Preparing Food
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Recycling
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Filing
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Laundry
Correct Answer
A. RecyclingExplanation
Recycling is an ideal opportunity to train your child how to categorize items and use them in the future. By teaching them about the different types of recyclable materials and how to sort them properly, you are helping them develop important skills such as critical thinking, problem-solving, and environmental awareness. Additionally, recycling also instills a sense of responsibility and encourages sustainable practices, which are essential for the future.Rate this question:
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- 19.
When someone has control of something it means that he/she decides how it can be used and by whom.
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Access
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Control
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Ownership
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All of the above
Correct Answer
A. ControlExplanation
Control refers to the power or authority to determine how something can be used and by whom. It implies the ability to make decisions and enforce them. In the context of the given options, access refers to the ability to use or enter something, control encompasses the power to determine access and usage, ownership implies possessing something and having control over it, and "All of the above" includes all these aspects. Therefore, the correct answer is control.Rate this question:
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- 20.
It refers to who does what, when, how, for how long, etc., and can be disaggregated by gender, age and other socio-economic variables.
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Division of Labor
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Household head
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Gender
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Gender Analysis
Correct Answer
A. Division of LaborExplanation
The answer "Division of Labor" is correct because the statement is describing the concept of division of labor, which refers to the allocation of tasks and responsibilities within a society or household. It involves determining who does what, when, how, and for how long, and can be influenced by factors such as gender, age, and socio-economic variables. Gender analysis is a related concept that examines how gender roles and expectations shape the division of labor and impact individuals and societies. The term "household head" and "gender" mentioned in the question are relevant to the concept of division of labor.Rate this question:
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- 21.
The following are factors that would reduce household food insecurity. Which is NOT?
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Increased Agricultural Land Productivity
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Investment in Business economy
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Investments in Market Infrastructure
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Provision of education/skills to Smallholder farmers
Correct Answer
A. Investment in Business economyExplanation
Investment in Business economy is not a factor that would directly reduce household food insecurity. While investments in the business economy can have indirect effects on food security, such as creating job opportunities and improving income levels, it is not a direct factor that addresses the root causes of food insecurity, such as agricultural productivity, market infrastructure, and farmer education. Therefore, investment in the business economy is the answer that does not reduce household food insecurity.Rate this question:
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- 22.
The following are factors that would reduce household food insecurity. Which is NOT?
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Provision of education/skills to Smallholder farmers
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Social Safety Net Programs
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Extension Services
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High Food and Input Prices worsen Food Security
Correct Answer
A. High Food and Input Prices worsen Food SecurityExplanation
The factors listed in the question are all potential solutions that can help reduce household food insecurity. They include provision of education/skills to smallholder farmers, social safety net programs, and extension services. These factors aim to improve access to resources, knowledge, and support for farmers, which can ultimately lead to increased food security. However, high food and input prices can have the opposite effect, making it more difficult for households to afford an adequate amount of food, therefore worsening food security.Rate this question:
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- 23.
The following are the Indirect Indicators or contributing factors of food and nutrition security. Which is NOT?
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Hazards and Vulnerabilities
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Food availability
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Financial Stability
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Economic Access to food
Correct Answer
A. Financial StabilityExplanation
Financial stability is not an indirect indicator or contributing factor of food and nutrition security. While financial stability can indirectly affect food and nutrition security, it is not considered a contributing factor in itself. Indirect indicators or contributing factors of food and nutrition security include hazards and vulnerabilities, food availability, and economic access to food.Rate this question:
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- 24.
Which motivating factors in management that the aims or objectives are to achieve and work for the desired needs?
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Values
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Goals
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Standards
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Morals
Correct Answer
A. GoalsExplanation
Goals are the motivating factors in management that aim to achieve and work for the desired needs. Goals provide direction and purpose to individuals and organizations, helping them to focus their efforts and make progress towards their objectives. They serve as a target or desired outcome that motivates individuals to work towards their achievement. Values, standards, and morals are important aspects of management, but they are not specifically focused on achieving and working for desired needs like goals are.Rate this question:
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- 25.
Which of the following is NOT a characteristic of resources?
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Resources are useful
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Resources are inter-related
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Resources are limited in supply
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Resources are sustainable
Correct Answer
A. Resources are sustainable -
- 26.
The following are the ways of maximizing benefits from the use of resources. Which is NOT?
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Identify all the available resources.
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Make use of only the right amount of resources
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Substitute the less expensive resources for the more expensive ones.
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Develop the habits that can worsen the use of resourcesIdentify all the available resources
Correct Answer
A. Develop the habits that can worsen the use of resourcesIdentify all the available resources -
- 27.
The following are the ways of maximizing benefits from the use of resources. Which is NOT?
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Cultivate practices to increases the sustainability of the resources
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Learn to share resources so that you do not deprive others of their us
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Do not waste resources
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Reduce, Re-use, and Re-cycle the resources to maximize utility from their use
Correct Answer
A. Cultivate practices to increases the sustainability of the resourcesExplanation
The correct answer is "Cultivate practices to increases the sustainability of the resources". This option is not a way of maximizing benefits from the use of resources because it focuses on increasing the sustainability of resources rather than maximizing their utility or benefits. While sustainability is important for long-term resource management, it does not directly contribute to maximizing benefits from their use. The other options, such as sharing resources, avoiding waste, and practicing reduce, reuse, and recycle, all aim to optimize the use of resources and maximize their benefits.Rate this question:
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- 28.
Which skills that are ideal opportunity to train your child hoe to categorized the items and used it in the future?
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Preparing Food
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Recycling
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Filing
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Laundry
Correct Answer
A. RecyclingExplanation
Recycling is an ideal opportunity to train a child in categorizing items and using them in the future. By teaching them about recycling, they can learn to sort different materials into appropriate categories such as paper, plastic, and glass. They can also understand the importance of reusing and reducing waste. This skill can be valuable for their future as it promotes environmental awareness and sustainability.Rate this question:
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- 29.
Encompasses early childhood in elementary.
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Formal Education
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Non-formal Education
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Informal Education
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Basic Education
Correct Answer
A. Basic EducationExplanation
Basic Education refers to the foundational education that children receive during their early childhood years in elementary school. It encompasses the formal education provided in schools, as well as non-formal and informal education. This includes the acquisition of basic literacy, numeracy, and life skills necessary for further learning and development. Basic Education is essential in providing children with a solid educational foundation and preparing them for higher levels of education and future opportunities.Rate this question:
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- 30.
Resources work done by hand
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Labor
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Knowledge
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Skills
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Education
Correct Answer
A. LaborExplanation
Labor refers to the physical and mental effort exerted by individuals in the production of goods or services. It involves the use of physical strength, skills, knowledge, and education to perform tasks and achieve specific goals. In the context of "resources work done by hand," labor is the most appropriate answer as it encompasses all the elements required for manual work. It implies that the work is carried out by individuals using their physical abilities, skills, knowledge, and education.Rate this question:
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Current Version
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Jul 08, 2023Quiz Edited by
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May 01, 2020Quiz Created by
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