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
