Write the letter of the correct answer.

1. A source of supply, support, or

aid, especially one that can be
readily drawn upon when needed.
A.Management
B.Resources
C.Salary
D.Money
2. Is the act or manner of
managing; handling, direction, or
control.

A.Energy
B.Resources
C.Management
D.Time
3. It is a resource which falls
under Human resources.

A.Energy
B.Time
C.Work
D.Savings
4. 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
5. A kind of resources where it is
a non-human resource.

A.Cultural Resources
B. Material Resources
C.Non material Resources
D.Human Resources
6. A kind of resources where
Time is an example of it.

A.Family
B. Material Resources
C.Non material Resources
D.Human Resources
7. It is a resources that comes from
within the people. It includes skills,
knowledge, talents, etc.

A.Human resources
B.Material resources
C.Non material resources
D.Cultural resources
8. It is a current medium of
exchange in the form of coins and
banknotes.

A.Cheque
B.Income
C.Salary
D.Money
9. It is a money received, especially
on a regular basis, for work or
through investments.

A.Cheque
B.Income
C.Salary
D.Money
10. Below are some helpful tips in the wise
spending of your money. Which is not belong to
the group?

A.Know and compare the prices of commodities

to be bought, Do not buy products with
unreasonably high price.
B.Buy in bulk foods which are needed every day.
C.Don’t mind the less costly ingredients that can
be used as substitute for expensive items,
D.Limit your expenses within the amount of
money that you have but be sure to buy what
you have listed.
11. 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
12. Something that a person must
have in order to live?

A.Money
B.Wants
C.Needs
D.Foods
13. These are the factors that needs
to be considered when budgeting
except for one.

A.Size of the family

B.Family income
C.Talents and abilities of each member
D.Friends of the family.
14. These are items that are included in
the budget except for one?

a. Entertainment and Sports

b. Shelter and education
c. Social needs
d. Savings/emergency budget
15. These are the things we don’t
really need but would like to
have.

A.Money
B.Wants
C.Needs
D.Foods
II.Look at the pictures, are they needs or wants?
16. 21.

17. 22.

18. 23.

19. 24.

20. 25.
1. B 16. NEEDS
2. C 17. WANTS
3. A 18. WANTS
4. B 19. NEEDS
5. B 20. WANTS
6. C 21. NEEDS
7. A 22. WANTS
8. D 23. NEEDS
9. B 24. WANTS (Big House/Mansion)
10. C 25. NEEDS
11. D
12. C
13. D
14. A
15. B