Question 1

According to the book,the most likely time for women's friendships to fall off is between the ages of:&#10;A)15-20&#10;B)25-40&#10;C)45-50&#10;D)51-60

Accepted Answer

According to the book, the most likely time for women's friendships to fall off is between the ages of 25-40, when women are dealing with multiple responsibilities such as career, marriage, and motherhood.

Question 2

Skills,talents,and abilities that people possess can be categorized best as:&#10;A)Human resources&#10;B)Tangible resources&#10;C)Capital resources&#10;D)Financial resources

Accepted Answer

Skills, talents, and abilities of people are considered as human resources. Human resources refer to the skills, knowledge, and abilities of individuals that are utilized in the production of goods and services.

Question 3

Resource-Advantage Theory developed by Shelby Hunt includes the ideas of family competence or household competence and that __________ is part of family resource management.&#10;A)Competition&#10;B)Cooperation&#10;C)Companionship&#10;D)Cognition

Accepted Answer

Resource-Advantage Theory posits that competition is a fundamental aspect of family resource management, emphasizing the competitive nature of acquiring and utilizing resources efficiently within a household context.

Question 4

__________ cannot be touched; examples include integrity,confidence,and literacy.&#10;A)Tangible resources&#10;B)Intangible resources&#10;C)Societal resources&#10;D)Familial resources

Accepted Answer

Intangible resources are those that cannot be touched or physically possessed. Examples include integrity, confidence, literacy, creativity, and knowledge. These resources are often just as important as tangible resources, such as money or equipment, in achieving success and reaching goals.

Question 5

According to the book,the characteristic way an individual or family manages resources is shaped by 5 forces,which of the following is not one of them.&#10;A)Psychological/personality&#10;B)Economic&#10;C)Technological&#10;D)Cognitive

Accepted Answer

The book mentions psychological/personality, economic, and technological forces as shaping resource management, but not cognitive.

Question 6

The artist Pablo Picasso sketched a woman tourist and charged her a lot for just a few minutes work.By his response,this is an example of:&#10;A)Overcharging&#10;B)Getting paid for one's life experience,expertise&#10;C)Agreement on the woman's part about &#34;fair value&#34;&#10;D)Material resources

Accepted Answer

Picasso was a famous artist with a lot of experience and expertise, so he was able to charge a high price for just a few minutes of his time. The woman agreed to pay this price, acknowledging the value of his skills and knowledge. This is an example of getting paid for one's life experience and expertise, rather than overcharging or relying on material resources.

Question 7

The worth of __________ tends) to be undervalued in our society.&#10;A)Internal exchanges&#10;B)Abundance&#10;C)Scarcity and risk&#10;D)Tangible goods

Accepted Answer

Internal exchanges, such as emotional support and non-material interactions, are often undervalued compared to tangible goods and economic transactions in society.

Question 8

________ recognizes that obtaining any scarce good involves a cost which affects behavior and goal setting.&#10;A)The Dagher Theory&#10;B)Fiduciary thinking&#10;C)The Nish-Byer Theory&#10;D)Economic thinking

Accepted Answer

The statement describes a key concept of economic thinking, which recognizes the reality of scarcity and the need to make choices based on trade-offs and opportunity costs. The other options (A, B, C) are not recognized economic theories or concepts.

Question 9

__________ are what is available to be used.They produce valued results.They are assets used to satisfy some need.&#10;A)Resources&#10;B)Goals&#10;C)Values&#10;D)Attitudes

Accepted Answer

Resources are the things that are available for use and can produce valuable results. They can be used to satisfy various needs in different industries or settings. Goals are specific targets one wants to achieve, values are beliefs and principles that guide behavior, and attitudes are evaluations of people, objects, or events that can influence behavior.

Question 10

___________ is the ability to recognize and use resources effectively.&#10;A)Efficiency&#10;B)Intuition&#10;C)Helpfulness&#10;D)Resourcefulness

Accepted Answer

Resourcefulness refers to the ability to identify and use resources effectively to solve problems or achieve goals. This can include creativity, flexibility, and adaptability in finding innovative solutions to challenges. Efficiency refers to the ability to accomplish tasks quickly and effectively, while intuition relates to the ability to understand and act based on instinct or gut feelings. Helpfulness refers to a willingness to assist others or offer support, but it does not necessarily relate to resourcefulness.

Question 11

The ______________ Resource Model illustrated in the book shows the interdependence of resources,how they exchange.&#10;A)Foa & Foa&#10;B)Elbing&#10;C)Hertford & Myers&#10;D)Eccles & Ward

Accepted Answer

The answer of The ______________ Resource Model illustrated in the...

Question 12

In economics,________ means a shortage or insufficient amount of supply.&#10;A)Scarcity&#10;B)Supply considerations&#10;C)Leveraging&#10;D)Risk

Accepted Answer

The answer of In economics,________ means a shortage or insufficient...

Question 13

_________ is the value,worth,applicability,productiveness or usefulness of a resource.&#10;A)Utility&#10;B)Marketability&#10;C)Credit&#10;D)Cache

Accepted Answer

The answer of _________ is the value,worth,applicability,productiveness or usefulness of...

Question 14

__________ is starting to challenge the United States regarding the reputation of being a top throwaway society or of being a heavy consumer society.&#10;A)Brazil&#10;B)Columbia&#10;C)Thailand&#10;D)China

Accepted Answer

The answer of __________ is starting to challenge the United...

Question 15

___________ is the highest valued alternative that must be sacrificed to satisfy a want or attain something.&#10;A)Intangible resource&#10;B)Choice&#10;C)Opportunity cost&#10;D)Availability

Accepted Answer

The answer of ___________ is the highest valued alternative that...

Deck 4: Resources