Chapter 1: Management Today Flashcards
What is the study of family resource management about?
How individuals and families decide, plan, and act in order to progress, fulfill their needs, and accomplish goals in an increasingly complex, technological society
The word management implies what?
Working together
What is the definition of family resource management?
An understanding of the decisions individuals and families make about developing and allocating resources including time, money, material, assets, energy, friends, neighbours, and space to meet their goals
Risk is a factor in _____
Choice
Risk is
the possibility or perception of harm, suffering, danger or loss
One basic principle in management states that where there is _____ there is _______
risk there is opportunity
Less than ____% of households have a mother, father and children living at home
25%
True or false; Babies being born outside of marriage is beginning to fall?
False
What is the average age of marriage for men and women? and are these ages rising or falling?
Men: 28
Women: 26
both rising
Are there more or less people per household now a days?
Less
About ___% of people on earth live in or around cities?
50%
Management is the process of what
Using resources to achieve goals
When using management as a process, it includes both _____ and ____
Thought and action
What are 4 challenges faced when trying to initiate knowledge management?
a) Arrogance
b) Previous failed attempts
c) Lack of commitment, drive and awareness
d) Lack of empathy, support, energy and enthusiasm
The management process involved what 3 things?
a) Thinking
b) Action
c) Results
what is management considered as and why?
Applied social science because it is results orientated
Define internal forces
The personal drive behind ones actions
Define External forces
includes the ups and downs of the economy, the condition of the environment, and the laws of society
What are the 6 steps to the management process?
1) Identify problem, need, want or goal
2) Clarify values
3) Identify resources
4) Decide, plan and implement
5) Accomplish goals and evaluate
6) Feedback
Define goals
End results that require action for their fulfillment
Define Needs
What one needs to survive or sustain life (Food or shelter)
Define wants
Things one desires but are not necessary for survival
Define values
Principles that guide behaviour (honesty or loyalty)
Define standards
The quantitative or qualitative criteria that reconcile resources with demands
Planning requires what
making a series of decisions that lead to action
Define implementing
Putting plans into action
Are the 6 steps to the management process definite why or why not?
no because some steps may be combined and or skipped
What are managements tools and give 3 examples
measuring devices, techniques, or instruments used to arrive at decisions and plans of action
a) Clocks
b) Lists
c) Calendars
Planning skills increase with what 3 things
a) Knowledge
b) Practice
c) Effort
To be successful a plan needs to be what
realistic, clear, flexible, well thought out and executed
What 5 things describe what management is?
a) Change oriented
b) Economically, culturally, and socially significant
c) Dynamic and complex
d) Personally and professionally rewarding
e) Integral to developing leadership and teamwork skills and receptive to community involvement
who manages?
everyone
What five factors influence management styles?
a) History
b) Biology
c) Culture
d) Personality
e) Technology, including laws
Maslow said what?
Physiological needs must be met before higher order needs are considered
List, From top to bottom Maslow’s triangle of needs
Self-actualization Esteem Love/belonging Safety Physiological
How long does the average American spend online a day?
3 hours
Anthropology is
The science of human beings
What type of anthropology is the most relevant to management?
Cultural anthropology
Define lifestyle
The characteristic way or pattern in which an individual conducts their life
Economics is what
The social science concerned with the production, development, and management of material wealth
Life management encompasses what
All the decisions a person or family will make and the way value, goals, and resource use affect decision making
Self-monitor means
People assess or alter their own actions, language, and reactions according to those around them
What years were the baby boomers born from
1946-1964
Define household
All persons who occupy a housing unit
Define family
a group of two or more persons related by birth, marriage, or adoption and resides in a household
Define householder
The individual whose name the home is owned or rented too
Define 3 reasons why studying family is crucial
a) To investigate social trends
b) To understand the diversity of families
c) To influence societies public policy
Define resource
anything available to be used
