Chapter 1: Management Today

Question 1

What is the study of family resource management about?

Answer 1

How individuals and families decide, plan, and act in order to progress, fulfill their needs, and accomplish goals in an increasingly complex, technological society

Question 2

The word management implies what?

Answer 2

Working together

Question 3

What is the definition of family resource management?

Answer 3

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

Question 4

Risk is a factor in _____

Answer 4

Choice

Question 5

Risk is

Answer 5

the possibility or perception of harm, suffering, danger or loss

Question 6

One basic principle in management states that where there is _____ there is _______

Answer 6

risk there is opportunity

Question 7

Less than ____% of households have a mother, father and children living at home

Answer 7

25%

Question 8

True or false; Babies being born outside of marriage is beginning to fall?

Answer 8

False

Question 9

What is the average age of marriage for men and women? and are these ages rising or falling?

Answer 9

Men: 28
Women: 26
both rising

Question 10

Are there more or less people per household now a days?

Answer 10

Less

Question 11

About ___% of people on earth live in or around cities?

Answer 11

50%

Question 12

Management is the process of what

Answer 12

Using resources to achieve goals

Question 13

When using management as a process, it includes both _____ and ____

Answer 13

Thought and action

Question 14

What are 4 challenges faced when trying to initiate knowledge management?

Answer 14

a) Arrogance
b) Previous failed attempts
c) Lack of commitment, drive and awareness
d) Lack of empathy, support, energy and enthusiasm

Question 15

The management process involved what 3 things?

Answer 15

a) Thinking
b) Action
c) Results

Question 16

what is management considered as and why?

Answer 16

Applied social science because it is results orientated

Question 17

Define internal forces

Answer 17

The personal drive behind ones actions

Question 18

Define External forces

Answer 18

includes the ups and downs of the economy, the condition of the environment, and the laws of society

Question 19

What are the 6 steps to the management process?

Answer 19

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

Question 20

Define goals

Answer 20

End results that require action for their fulfillment

Question 21

Define Needs

Answer 21

What one needs to survive or sustain life (Food or shelter)

Question 22

Define wants

Answer 22

Things one desires but are not necessary for survival

Question 23

Define values

Answer 23

Principles that guide behaviour (honesty or loyalty)

Question 24

Define standards

Answer 24

The quantitative or qualitative criteria that reconcile resources with demands

Question 25

Planning requires what

Answer 25

making a series of decisions that lead to action

Question 26

Define implementing

Answer 26

Putting plans into action

Question 27

Are the 6 steps to the management process definite why or why not?

Answer 27

no because some steps may be combined and or skipped

Question 28

What are managements tools and give 3 examples

Answer 28

measuring devices, techniques, or instruments used to arrive at decisions and plans of action

a) Clocks
b) Lists
c) Calendars

Question 29

Planning skills increase with what 3 things

Answer 29

a) Knowledge
b) Practice
c) Effort

Question 30

To be successful a plan needs to be what

Answer 30

realistic, clear, flexible, well thought out and executed

Question 31

What 5 things describe what management is?

Answer 31

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

Question 32

who manages?

Answer 32

everyone

Question 33

What five factors influence management styles?

Answer 33

a) History
b) Biology
c) Culture
d) Personality
e) Technology, including laws

Question 34

Maslow said what?

Answer 34

Physiological needs must be met before higher order needs are considered

Question 35

List, From top to bottom Maslow’s triangle of needs

Answer 35

Self-actualization
Esteem
Love/belonging
Safety
Physiological

Question 36

How long does the average American spend online a day?

Answer 36

3 hours

Question 37

Anthropology is

Answer 37

The science of human beings

Question 38

What type of anthropology is the most relevant to management?

Answer 38

Cultural anthropology

Question 39

Define lifestyle

Answer 39

The characteristic way or pattern in which an individual conducts their life

Question 40

Economics is what

Answer 40

The social science concerned with the production, development, and management of material wealth

Question 41

Life management encompasses what

Answer 41

All the decisions a person or family will make and the way value, goals, and resource use affect decision making

Question 42

Self-monitor means

Answer 42

People assess or alter their own actions, language, and reactions according to those around them

Question 43

What years were the baby boomers born from

Answer 43

1946-1964

Question 44

Define household

Answer 44

All persons who occupy a housing unit

Question 45

Define family

Answer 45

a group of two or more persons related by birth, marriage, or adoption and resides in a household

Question 46

Define householder

Answer 46

The individual whose name the home is owned or rented too

Question 47

Define 3 reasons why studying family is crucial

Answer 47

a) To investigate social trends
b) To understand the diversity of families
c) To influence societies public policy

Question 48

Define resource

Answer 48

anything available to be used