Question 1

__________ is starting to challenge the United States regarding the reputation of being a top throwaway society or of being a heavy consumer society.

Accepted Answer

A)  Brazil
B)  Columbia
C)  Thailand
D)  China D

Question 2

________ recognizes that obtaining any scarce good involves a cost which affects behavior and goal setting.

Accepted Answer

A)  The Dagher Theory
B)  Fiduciary thinking
C)  The Nish-Byer Theory
D)  Economic thinking D

Question 3

__________ are what is available to be used.They produce valued results.They are assets used to satisfy some need.

Accepted Answer

A)  Resources
B)  Goals
C)  Values
D)  Attitudes A

Question 4

The ______________ Resource Model illustrated in the book shows the interdependence of resources,how they exchange.

Accepted Answer

A)  Foa & Foa
B)  Elbing
C)  Hertford & Myers
D)  Eccles & Ward

Question 5

__________ cannot be touched; examples include integrity,confidence,and literacy.

Accepted Answer

A)  Tangible resources
B)  Intangible resources
C)  Societal resources
D)  Familial resources

Question 6

Skills,talents,and abilities that people possess can be categorized best as:

Accepted Answer

A)  Human resources
B)  Tangible resources
C)  Capital resources
D)  Financial resources

Question 7

Resource-Advantage Theory developed by Shelby Hunt includes the ideas of family competence or household competence and that __________ is part of family resource management.

Accepted Answer

A)  Competition
B)  Cooperation
C)  Companionship
D)  Cognition

Question 8

The worth of __________ tends  to be undervalued in our society.

Accepted Answer

A)  Internal exchanges
B)  Abundance
C)  Scarcity and risk
D)  Tangible goods

Question 9

___________ is the highest valued alternative that must be sacrificed to satisfy a want or attain something.

Accepted Answer

A)  Intangible resource
B)  Choice
C)  Opportunity cost
D)  Availability

Question 10

_________ is the value,worth,applicability,productiveness or usefulness of a resource.

Accepted Answer

A)  Utility
B)  Marketability
C)  Credit
D)  Cache

Question 11

___________ is the ability to recognize and use resources effectively.

Accepted Answer

A)  Efficiency
B)  Intuition
C)  Helpfulness
D)  Resourcefulness

Question 12

According to the book,the characteristic way an individual or family manages resources is shaped by 5 forces,which of the following is not one of them.

Accepted Answer

A)  Psychological/personality
B)  Economic
C)  Technological
D)  Cognitive

Question 13

According to the book,the most likely time for women's friendships to fall off is between the ages of:

Accepted Answer

A)  15-20
B)  25-40
C)  45-50
D)  51-60

Question 14

In economics,________ means a shortage or insufficient amount of supply.

Accepted Answer

A)  Scarcity
B)  Supply considerations
C)  Leveraging
D)  Risk

Question 15

The artist Pablo Picasso sketched a woman tourist and charged her a lot for just a few minutes work.By his response,this is an example of:

Accepted Answer

A)  Overcharging
B)  Getting paid for one's life experience,expertise
C)  Agreement on the woman's part about "fair value"
D)  Material resources

Exam 4: Resources