Intro

Question 1

Family resource management

Answer 1

Approach to allocating resources (ie. Time, money, material assets, energy, friends, neighbours, space) to meet goals

Question 2

choice

Answer 2

act of selecting amongst alternatives

Question 3

risk

Answer 3

possibility or perception of harm, suffering, danger, or loss; a factor of choice

Question 4

how does happiness relate to life quality?

Answer 4

the higher your happiness, the more likely you are to say you have a high quality of life

Question 5

population trends and its effects

Answer 5

• Global population is growing -> projected to be over 9 billion by 2050
• Most people will live in urban areas
• People are living longer
• Population shifts affect management patterns, and also influence transit, employment, and environment

Question 6

management and its challenges

Answer 6

• process of using resources to achieve goals
• Includes both thought and action
• The thought part is important, and we experience challenges to it, ex:
• Arrogance (there’s nothing new to learn)
• Previous failed attemps (why try again?)
• Lack of commitment, drive, and awareness (why should I?)
• Lack of empathy, support, and enthusiasm (who cares?)

Question 7

what does the management process involve?

Answer 7

• involves thinking, action, and results

Question 8

needs vs. wants

Answer 8

• Needs: what we need to sustain life (ex. Water, shelter)

- Wants: what we desire, but aren’t necessary for survival

Question 9

goals

Answer 9

end results that require action for their fufillment

Question 10

values

Answer 10

principles that guide behaviour (ie. Honesty, loyalty)

Question 11

resources

Answer 11

whatever is available to be used – can include info, time, skills, etc.

Question 12

standards

Answer 12

• criteria that reconcile choices with demands
• Can be set by individuals for themselves, or by others
• Ex. Dress codes

Question 13

decision making

Answer 13

choosing between 2 or more alternatives

Question 14

planning

Answer 14

making a series of decisions that lead to an action

Question 15

implementing

Answer 15

putting plans into action

Question 16

feedback

Answer 16

• info that returns to the system – enables management knowledge and ability to grow
• Asking questions like:
• Was the problem solved?
• What was learned?
• Which decisions or plans worked, and which ones failed?
• What adjustments should have been made?

Question 17

things to note about management process

Answer 17

• Steps may not always progress in the order specified (can occur simultaneously)
• Management process is more than just a set of concepts -> - It’s an applied social science since it’s results-oriented

Question 18

management tools

Answer 18

measuring devices, techniques, or instruments that are used to arrive at decisions and plans of action (ex. Clocks, lists, calendars)

Question 19

planning helps people do what?

Answer 19

• Highlight important problems and opportunities
• Invest resources in the right tasks
• Encourage the development of goals
• Make decision-making more effective
• Motivate and coordinate efforts
• Provide a feeling of growth and accomplishment
• Involve others

Question 20

successful plans are…

Answer 20

realistic, clear, flexible, well-thought-out and executed

Question 21

management is

Answer 21

• Change oriented
• Economically, culturally, and socially significant
• Dynamic, intriguing, and complex
• Personally and professionally rewarding
• Integral to developing leadership and teamwork skills
• A way of providing insight into human behaviour (decision-making)

Question 22

management style (and its 5 factors)

Answer 22

• characteristic way of making decisions and acting
• 5 factors influence it:
• History (can influence decisions and options)
• Biology (dictates physiological needs) -> Ex. Maslow’s hierarchy of needs – basic physiological needs need to be satisfied before higher-order needs are considered
• Culture (provides a way to fulfill needs)
• Personality (influences how one interacts with environment)
• Technology (helps people achieve goals)

Question 23

resource management is interdisciplinary - influenced by

Answer 23

• Anthropology: contributes to our understanding of culture
• Psychology: contributes to our understanding of goals, attitudes, and problem-solving
• Sociology: contributes to our understanding of family relations/groups
• Economics: contributes to our understanding of human resource planning, financial management, households, and microeconomics (behavior of individual consumers), and allocation of resources

Question 24

lifestyle

Answer 24

characteristic way in which one conducts her life

Question 25

life management

Answer 25

all the decisions and person or family will make and the way values, goals, and resources affect decision-making – encompasses family, individual, and household management

Question 26

self-monitoring

Answer 26

assessing actions, language, and reactions according to those around you

Question 27

managing the second half of life

Answer 27

• New changes and goals can occur in midlife
• Ex travelling, switching careers, volunteering
• Both men and women experience midlife crises
• Retirement requires planning

Question 28

census family

Answer 28

Two or more people related by birth, marriage, common law, adoption and living together in the same dwelling.

Question 29

how definitions of census family changed over time

Answer 29

• 1981 = common-law
• 2001 = same sex common-law
• 2006 = same sex married couples
• 2011 = couples with children are “intact” or “step”

Question 30

census 2011 trends

Answer 30

• More couples without than with children
• first time more one-person households than
  couple households with children
• Slight increase in multi-family households
• Common law couples surpassed number of lone parents

Question 31

census trends over time

Answer 31

• Married couple families declined (common law on rise)
• Lone-parent families increased
• Smaller size of households/families
• Persons not in census families increased (live alone, live with either relatives or non-relatives)