Home Economics

It is a financial gain earned from operating a business.

• profit

• salary

• bonus

• commission

It is fixed regular payment typically paid on daily, monthly or biweekly basis.

• pension

• commission

• salary

• overtime payment

If Cruz family has a combined net income of 30,000. How much will be spent for food if they allocated 40% for it?

• 12,000

• 12,100

• 12,050

• 12,115

It is an incentive pay to certain individual from insurance, selling real estate, appliances and educational plans.

• bonus

• profit

• wage

• commission

It is the fuel we need to

survive and it is where our energy came from.

• clothing

• education

• shelter

• food

Defined as anything we use to achieve what we want (our goals)

and needs (to survive).

• Family

• Resources

• Management

• none of the above

These are materials found in nature that can be used for practical

human purposes that are considered to have value.

• Material resources

• Non-material resources

• Human resources

• All of the above

Resources possessed and utilized by persons example of this is capabilities

• Human Resources

• Material Resources

• Nonmaterial Resources

• Natural Resources

Refers to intangible resources such as health, experiences, and time.

• Human Resources

• Material Resources

• Nonmaterial Resources

• None of the above

It is the root of everything, it is where

everything starts, even before formal education. The basic unit of our society.

• Education

• Family

• Social needs

• All the choices are correct.