Deck 6: Identification of Family Resources

Question 1

Anything used to achieve an end describes a ______.

A) need
B) value
C) want
D) resource

Answer 1

resource

Question 2

Something becomes a resource when ______.

A) it is given away
B) it has a greater value than it is worth
C) there is a use for it or it has a value
D) it has never been used before

Answer 2

there is a use for it or it has a value

Question 3

Caleb recently moved to a remote mountain cabin. Although he is financially able to pay for these, he is unable to receive either cable or Internet services from that location. This problem illustrates the resource characteristic of ______.

A) transferability
B) accessibility
C) manageability
D) interchangeability

Answer 3

accessibility

Question 4

Susan has an expensive work of art. Recently, she had to undergo emergency surgery and now has several large hospital bills. It may be difficult for her to get a fair price from her artwork by the time the bills are due. This problem illustrates the resource characteristic of ______.

A) transferability
B) accessibility
C) manageability
D) interchangeability

Question 5

The resource characteristic that allows consumers to make decisions about how resources are used, transferred, or exchanged is ______.

A) transferability
B) accessibility
C) manageability
D) interchangeability

Question 6

The idea of bartering goods without the exchange of money is a good example of what resource characteristic?

A) transferability
B) accessibility
C) manageability
D) interchangeability

Question 7

According to Davenport and Prusak, the components of human capital are all EXCEPT ______.

A) status
B) ability
C) time
D) effort

Question 8

Behavior consists of observable ways that someone does things that contribute to accomplishing a task and includes ______.

A) education
B) income and the exchange for goods
C) ethics, values, and beliefs
D) cognitive and mental resources

Question 9

An example of energy used as a human resource would be ______.

A) a college student who attends class
B) a teenager watching a movie with friends
C) a husband washing the car
D) a child sleeping

Question 10

Employers must provide all these benefits EXCEPT ______.

A) retirement benefits
B) Social Security
C) Medicare
D) unemployment insurance funds

Question 11

Benefits that allows the employee to pick and choose from among several options is known as ______.

A) retirement savings plans
B) unemployment insurance funds
C) Social Security
D) cafeteria plans

Question 12

Avellar and Smock found that the wage gap between men and women may result because ______.

A) women are mothers
B) men have more education
C) women expect to earn less
D) men have less commitment to their families

Question 13

The wind is a good example of a ______.

A) social resource
B) economic resource
C) flow resource
D) nonrenewable resource

Question 14

A social resource within the family that allows them to pass on their history through photographs, stories, and heirlooms is ______.

A) collective socialization
B) archival family function
C) social networks
D) relationship skills

Question 15

The theory of relative resources (Blood and Wolfe) assumes that the balance of power in relationships will be on the side of the partner who has ______.

A) the most status
B) no resources
C) the least amount of resources
D) the most resources

Question 16

Gary asked his brother to build an addition to his home. After the job was finished, Gary paid his brother for the work. He realized that his brother's bill was less than it would have been if he had another carpenter build the addition. The value of the equitable exchange was different because of the ______.

A) cost of the materials
B) slow building climate
C) relationship between the two brothers
D) help that Gary provided.

Question 17

The ability to identify and use resources to meet needs effectively is ______.

A) resourcefulness
B) saving
C) consumption
D) allocation

Question 18

Resource allocation problems are different than common problem solving because ______.

A) it usually involves a larger amount of money
B) the decisions are multi-layered
C) people are usually on opposite sides of the issue
D) there is no right or wrong

Question 19

Deutsch identified three principles of distributive justice of resources that includes all EXCEPT ______.

A) principle of equity
B) principle of equality
C) principle of loss
D) principle of need

Question 20

According to Deutsch, the principle of quality is purely based on ______.

A) needs of those involved
B) resources available
C) whether people deserve the resource
D) equal distribution

Question 21

A resource must have a purpose or utility.

Question 22

Accessibility allows consumers to move assets where they are needed the most.

Question 23

Owning a home is a good example of a transferable resource.

Question 24

Any resource can be substituted as a means to gain assets.

Question 25

Maslow was the first to create the resource theory.

Question 26

Money is the most particularistic resource.

Question 27

Exchanging goods has a high degree of concreteness because we can gain or lose possessions.

Question 28

Effort consists of observable ways that someone does things that contribute to accomplishing a task.

Question 29

The value of a person's time is viewed relatively the same by most people.

Question 30

The term "living wage" refers to those who have an education and are salaried

Question 31

Wage differences between men and women historically have favored men.

Question 32

Those with the most resources have more of an advantage in avoiding inheritance taxes.

Question 33

Environmental resources can never be depleted and are renewable.

Question 34

Collective socialization refers to how a community engages in family life.

Question 35

One of the major purposes of Social Security is to provide social assistance for those who lack education.

Question 36

Every culture will have different meanings and place different values on resources.

Question 37

The most effective way to manage resources involves improving people's lives while weighing the effects of culture, environment, and equity.

Question 38

Saving resources can be a way to increase resources.

Question 39

Most people consider how the use of their resources will affect the future.

Question 40

Dividing resources equally among family members not only helps to create cooperation and harmony but also addresses the needs of everyone.

Question 41

Explain why a resource must have a utility or purpose.

Question 42

Why is accessibility to resources as important as having the money to buy the resources?

Question 43

Give an example of a resource that is interchangeable.

Question 44

Explain why a resource such as real estate is less transferable?

Question 45

Identify the six types of resources included in Foa's resource theory.

Question 46

What is the difference between particularistic and concrete resources?

Question 47

Explain the placement of the types of resources in Foa's resource theory. Give an example.

Question 48

Present an argument against Foa's resource theory.

Question 49

According to Beblo, time can be allocated into three basic economic categories. What are these?

Question 50

Explain how time may be more valuable than money.

Question 51

How does living in the information age limit our use of time as a resource?

Question 52

In what two ways do families gain economic resources?

Question 53

Explain how unemployment affects employee benefits.

Question 54

What two factors complicate inheritance?

Question 55

What is the difference in ownership between economic resources and social resources?

Question 56

How does the decline of volunteerism threaten social resources?

Question 57

Explain the theory of relative resources.

Question 58

Identify the ways that resources are used.

Question 59

Give an example of how a family makes decisions under conditions of uncertainty.

Question 60

What is the difference between resource allocation problems and common problems?

Question 61

Explain Foa's resource theory. Include a discussion of the six types of resources and the weaknesses of the theory.

Question 62

Identify the components of human capital and using yourself, give examples of these components that are represented within you.

Question 63

Discuss the possible benefits that are available to employees. Why is it important to evaluate the benefits of a particular job before taking the job?

Question 64

Outline the arguments between environmentalists and industry when it comes to protecting the environment? How do these arguments influence politics?

Question 65

Discuss the three principles of distributive justice identified by Deutsch. Explain how these principles correspond with the current Social Security system.