MF1 fundamental concepts of resource management - term 1

Question 1

What is wellbeing

Answer 1

• how well a person’s needs are met
• how satisfied and fulfilled they are
• related to the quality of life
• measured by ones self esteem, confidence and ability to adjust and cope with change.

Question 2

Factors affecting wellbeing

Answer 2

SPEECS

Social
Physical
Emotional
Economic
Cultural
Spiritual

Question 3

define individual wellbeing

Answer 3

individual Wellbeing involves an individual considering their own physical, social, emotional and intellectual needs first.

Question 4

define group wellbeing

Answer 4

Group Wellbeing considers the needs of all the people in the group, it is dependent on the wellbeing of the individuals in that group.

Question 5

what is a need

Answer 5

• can be defined as the necessities of life, those things we require for survival and to be physically and mentally healthy
• they are things that we need to feel part of society and achieve optimal wellbeing
• eg food, water, education

Question 6

what is a want

Answer 6

wants are preferences or desires. things we would like to have but do not need for survival or to maintain good health

• they are things we believe will help us maintain optimal well-being such as a car

Question 7

what are specific needs?

Answer 7

SHESEA

S aftey and security
H ealth
E education
S sense of identity
E employment
A adequate standard of living

Question 8

what does adequate standard of living refer to

Answer 8

Relates to our need for survival and health. In order to have good level of wellbeing, people need adequate food for growth and development, clothing to protect from extreme weather, shelter to protect from danger.

Question 9

what does health refer to

Answer 9

Being physically active and having good nutrition is essential for all individuals, no matter what group they belong to.

Question 10

what does education refer to

Answer 10

Formal training in the knowledge and skills necessary to succeed in life. It also helps individuals to become aware of what services are available for them to use to maintain their well-being.

Question 11

what does employment refer to

Answer 11

Needed by individuals so that they can earn an income in order to provide for themselves and their families. Having an income allows individuals to satisfy their needs and wants, including housing, food and clothing.

Question 12

what does safety and security refer to

Answer 12

The security and safety of all individuals is important, not only for their personal comfort but also in ensuring that they are physically safe from any dangers in their outside environment.

Question 13

what does sense of identity refer to

Answer 13

An individual’s sense of identity is their understanding of who they are. This knowledge helps individuals to feel confident in what they do in life.

Question 14

what is Maslow’s hierarchy of needs?

Answer 14

PSLES

Physiological

Safety

Love/belonging

Esteem

Self-actualisation

Question 15

what is a goal

Answer 15

Goals are What people aim for in life. They are things that people want to achieve in order to satisfy their needs and wants.

Question 16

smart goal setting

Answer 16

Specific
Measurable
Achievable
Relevant
Time-bound

Question 17

what is a resource?

Answer 17

-Resources are things people use to achieve their goals.

-Resources can be any object, person, concept, idea, skill or quality that may assist in the attainment of these goals.

-Resources are not accessible in the same quantity or quality to all people.

Question 18

specific resources

Answer 18

human and non-human
informal and formal
economic and non economic

Question 19

non-human resource

Answer 19

Non-human resources that are tangible or touchable objects.

Examples:
Food, parks, car, computers, musical instruments

Question 20

formal resources

Answer 20

Formal resources that are organised and established by the community. They usually have set hours of operation and a formal system of leadership.

Examples:
Libraries, sports clubs, preschools, welfare agencies

Question 21

informal resources

Answer 21

Informal resources are people or things that are available and/or accessed informally.

Examples:
Family, friends, neighbours

Question 22

economic resource

Answer 22

Financial resources that can be used to achieve economic gain or goals.

Examples:
Income from wage/interest, credit from mortgage, wealth from property, cars, jewellery, fringe benefits, income (welfare) provided by the government

Question 23

non-economic resource

Answer 23

Non-financial resources that have no relationship to money.

Examples:
Communication skills, energy, community resources (park or local swimming pool)

Question 24

define interchangeable resources

Answer 24

Refers to utilising one resource that we may have an excess of to obtain resources that we have less of.

E.g. Family income used to shop online for groceries. The resource they are short on = time, resource they have excess of = money (covers delivery fees).

Question 25

resource sustainability

Answer 25

• Individuals are consumers or users of resources.

Resources can be categorised in 2 ways: renewable or non-renewable.

Question 26

what are renewable resources

Answer 26

resources that can be used again, whether in their original state or altered state (mixture of non-human and human)

example:
clothes can be worn multiple times

Question 27

what are non-renewable resources?

Answer 27

resources that can be partially wholly consumed through use and cannot be used again (usually non-human)

example
food can not be reused once consumed