Management of Family Resource-quizzes

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A(n) _______________ is a numeric value assigned to credit habits, bill paying, and history. a. FICO score b. Financial Score c. Annual Percentage Score d. FDIC score.

a. FICO score You can find the answer to this question beginning on the bottom of page 410

"Hatching" is epitomized on TV by which of the following? (there may be more than one correct answer) a. Friends b. How I Met Your Mother c. Frankie and Grace d. Cheers

a, b, d p 151

The main measure of inflation is the _______________ computed and reported each month by the Bureau of Labor Statistics a. Consumer Price Index b. Product Producer Index c. Consumer Confidence Survey d. New Homes Sales Matrix

a. CPI

_________ are the daily rhythmic activity cycles, base on 24-hour intervals, that humans experience. a. Circadian rhythms b. Cybernetic rhythms c. Dynamic Rhythms d. Calibrated rhythms

a. Circadian rhythms page 277

Decision making is a process, what is the first step? a. Define the Decision b. Develop an Action Plan c. Determine which resources are needed d. Consider Alternatives

a. Define the decision p 135

According to Maslow's Hierarchy of Needs, physiological needs are the most basic needs. What is the need that comes next? a. self-actualization b. safety c. belongingness and love d. esteem

b. safety

Of those listed below, which is least likely to belong to Sally's (Sally is a 21 yo college junior) primary reference group? a. The pastor of the church Sally attends regularly b. Sally's kindergarten teacher c. Sally's sorority sisters d. Sally's mother and father

b. sally's kindergarten teacher p 140-141

Luther VanDamm was an outstanding defensive coach (under Hayden Fox) for the Minnesota State University's Screaming Eagles. After Fox, VanDamm and his Screaming Eagles won the national championship, VanDamm was offered the head coach position at Aberdeen University, a small private college about 100 miles south of MSU. VanDamm lasted in that position for less than a full football season before he was fired for gross incompetence. From what you have learned in this chapter, this is clear example of ___________________ , alive and well. a. employment dissonance b. the Peter Principle c. the BLS Phenomenon d. the Elbing Model

b. the Peter Principle p 142

The business cycle has three main parts. Which of the following is NOT one of them? a. expansion b. recovery c. inflation d. recession

c. inflation Page 400. Expansion, Recession, and Recovery.

Unless otherwise instructed all assignments must be submitted as .docx files or _________ files or they will not be accepted for grading.

.pdf files

According to the text, listening to a political ad or an ad for a new product usually requires empathetic listening. reflective listening critical listening. pleasurable listening.

Critical listening Be sure to review the different kinds of listening discussed on pages 200-202 of the text: critical listening, empathetic listening, informational listening and pleasurable listening.

________ is the study of the characteristics of human populations.

Demography

Match the person with the most appropriate descriptor.

Ellen H. Richards=Lake Placid Conferences Frederick Taylor=Father of Management Lillian Gilbreth="Cheaper by the Dozen" Benjamin Franklin="Time is money." All of this information can be found on pages 33 through 38; History of Management. If you didn't read this before the quiz, be sure to read it now.

_____ is the process of putting ideas or thoughts into symbolic form. Sourcing Decoding Encoding Responding

Encoding More detailed information can be found on page 200 of your text.

Along with Michigan, Illinois, and Ohio; Iowa is one of the 10 most populous states in the United States. Although Iowa does not have any large cities like Detroit, Chicago, or Cincinnati, most native Iowans remain in Iowa and raise their families in Iowa, contributing to its population growth. True False

False

There is no difference between dual earner/income families and dual career families True False

False

According to the resource exchange model (Foa & Foa), it is unlikely that goods will be exchanged for services. true false

False According to the model, goods and services are likely to be exchanged. In the model, resources close to each other are more likely to be exchanged. Services and goods are right next to each other. Page 116

Conflict describes a state of disagreement or disharmony. According to the text all conflict is negative and should be avoided. True False

False Conflict is inevitable and suggests growth. It is not about avoiding conflict, but managing it well.

On average, Japanese employees work about 200 hours more each year than American employees. True False

False Interesting isn't it, but although the number of hours worked is quite similar, on average Americans work slightly more hours/year than their Japanese counterpart. Page 305

The book describes one of the trends in America today is the graying of the workforce. This means that the demands of work are greater and the boundaries between work and home are becoming less clear, that there is a "gray" area between work life and home life. True False

False The graying of the American work force suggests that employees are getting older as the leading edge of the baby boomers moves forward through life. Page 310

___________ occurs in the sender's and receiver's minds and interferes with communication. Internal noise External noise A cacophony of sound Distortion

Internal noise Page 198

_____ is the distance between speakers. Eumemics Eugenics Proxemics Progenics

Proxemics Proxemics is defined on page 204

________________ claims that individuals seek to develop relationships that will maximize the benefits and minimize the costs. The Peter Prinicple Poduska's Triangle Maslow's Hierarchy of Needs Social Exchange Theory

Social Exchange Theory You've probably read about this theoretical perspective before. If not, be sure to get more information on page 211 of the text.

----------------- are things that suggest something else through association. Symbols Artifacts Gifts Channels

Symbols Symbols can be visible or abstract. See page 202 of the text.

Match the principle on the left with the correct descriptor on the right Pareto's Principle = a. 80 - 20 rule Parkinson's Law = c. elasticity of time and work Peter Principle = b. surpassed level of competence Proscrastinator = d. puts off work; postpones decisions

Take a look at the three P's on page 309. We discussed the Peter Principle on page 142 - Decision Making.

___________ are statements that ascirbe blame or judge others. I-messages They-messages Expert messages You-messages

You-messages When using I-messages, the speaker assumes responsibility for her/his feelings. When using you-messages, the speaker often ascribes blame or judgement. Page 204 describes this further.

Time is primarily a __________ that can be measured in units. a. resource b. value c. goal d. decision tool

a resource Time as a Resource on page 264 of the text.

_______ are repetitive, often unconscious, patterns of behavior. a. Values b. Attitudes c. Habits d. Goals

c. habits page 82 of the text.

The following is an apt restatement of ______________. "You never get done the things you most want to get done, because life is a never-ending stream of interruptions" a. Gresham's law of planning b. the Peter Principle c. the Resource-Advantage theory d. Poduska's triangular model

a. Gresham's law of planning Short-term concerns create priorities and deadlines that take managerial attention away from long-range concerns. Read more about Gresham's law of planning on page 171-172 of the textbook.

There are different kinds of income discussed in the books. Which one of the following does not belong? a. aspirational b. gross c. disposable d. discretionary

a. aspirational Be sure you can identify all that are listed on page 403 of the text.

According to Ramey (cited in Gorman) [check all that apply]. a. The time spent on housework has decreased dramatically as a result of the technological advances since 1965. b. Although the time spent on housework has not changed since the 1960s, how that time is spent has changed since then. c. From 1900 to 2005 non-employed men increased their housework hours by almost 10 hours per week. d. Women between the ages of 18 and 64 spent fewer hours on housework each week during 2005 than they did in 1900.

a. b, c, & d All of this is in the article Hours spent in homaking have changed little this century.

Which of the following is not a function of theory? a. Control b. Explanation c. Organization d. Prediction

a. control

Material resources tend to ________ with use and human resources tend to _________________ with use. a. decrease/increase b. increase/increase c. decrease/decrease d. increase/decrease

a. decrease/increase information is on pages 106-108

Which theory studies families as an interconnected group or system? a. family systems theory b. social exchange theory c. economic theory d. feminist theory

a. family systems theory Refer to page 47 of the text and the notes for more information about Family Systems Theory

____ is a tendency or a disposition to expect the best outcomes or to think hopefully about a situation. a. Optimism b. Capitalism c. Falalism d. Negativism

a. optimism You are correct, but if you want more information you will find this answer on page 86 of the text. "Optimism is going after Moby Dick in a rowboat and taking the tartar sauce with you!"

"Sharpening the saw", Covey's final "habit" of highly effective people involves a. reflection b. synergy c. reactivity d. proactivity

a. reflection More about Steven Covey on page 183. Sharpening the saw implies "reflection"

Jane supports capital punishment for crimes such as murder, treason, espionage, war crimes, etc. Jane has also been involved in recent protests against Planned Parenthood because she believes this organization supports and encourages abortions and she is opposed to the deliberate termination of a human life. This is an example of a(n) _______________ value a. relative b. absolute c. transitory d. chaotic

a. relative Refer to the top of page 72

_________ refers to picking the first good alternative that presents itself. a. Satisficing b. Sequencing c. Simplifying d. Optimizing.

a. satisficing Refer to page 59 of the text

In Maslow's Hierarchy of Needs, what is the level that is least likely to be achieved? a. self-actualization b. belongingness c. physiological d. safety and security

a. self-actualization We had this the first day of class and can be reviewed on page 16 of the text. It is also revisited on page 177 as well.

According to _________________________ as the price of a good or service rises, the quantity demanded of that good or service falls a. the law of demand b. the law of supply c. utility of place d. leveraging

a. the law of demand

In general, the most significant difference between decision making and problem solving is a. the level of complexity. b. that decision making is always made internally and problem solving always involves an external search. c. There is no difference between decision making and problem solving. They are the same thing. d. that decision making is always personal and problem solving always involves a group.

a. the level of complexity p 152

A central management concept is _________________ which is concerned with how time spent in one activity takes away from time spent in another activity. a. time displacement b. time exploitation c. time strategy d. time aspiration

a. time displacement page 262

____ is the value, worth, applicability, productiveness or usefulness of a resource. a. Utility b. Marketability c. Creditability d. Cache

a. utility According to the notes that were posted, there are three types of resource utility; place, time, and form. On page 119 utility is defined as the value, worth, applicabiity, productiveness or simply put, the usefulness of a resource

Abstract, stable, and broad are adjectives which describe a. values b. attitudes

a. values Refer to the notes that have been posted. Values are abstract, stable, and broad. Attitudes are abstract, transitory, and narrow.

______ is known as the father of management and is famous for his time and motion studies, especially in factory production. a. Anthony Eppes b. Frederick Taylor c. John Charles Shelley d. Robert Griffith

b. Frederick Taylor You can find the answer to this question in the article The Ironies of Household Technology by Phillips

_____ means doing more with less; being more effective in the use of resources. a. Entrepreneurship b. Leveraging c. Opportunism d. Pessimism

b. Leveraging If you want to know more go to page 117

According to the notes I posted, SMART goals must be

b. Specific Measurable Attainable Relevant Time-Based

Which of the following is true? a. There are fewer than 59 federally recognized Indian tribes in the United States. b. The US is growing older, median age is rising. c. The growth of most minority groups is slowing down, getting smaller. d. Families are getting bigger across most populations.

b. The US is growing older, median age is rising.

Which of the following is not correct? a. the age at first marriage is increasing b. the divorce rate in the United States continues to increase c. Since 2010 the percentage of unmarried opposite-sex couples living together has increased d. the percentage of babies born outside of marriage continues to rise

b. The divorce rate in the United States continues to increase.

Which is the most productive day of the week? a. Monday b. Tuesday c. Wednesday d. Thursday

b. Tuesday page 267

In the ______________ model of decision making, each decision builds on the previous one, forming a sequence of decisions, such as the steps involved in preparing a meal. a. Central-sattelite b. Chain c. Foa & Foa d. Elbing

b. chain p 139

______, also known as cash cards, are computerized banking transactions; they remove money directly from your account. a. Credit cards b. Debit cards c. Smart cards D. Access cards

b. debit cards

In the book, The Hurried Child, the author David Elkind argues that children are overcommitted and are growing up too fast and too soon. He argues that they have too little _______________ time leading to increased stress. a. nondiscretionary b. discretionary c. managed d. displaced

b. discretionary Elkind has done some interesting work in this area. Read page 265

John comes from a very wealthy family and when he was born his mother and father opened a college savings account for him in which they invested wisely. Now John is 18 and ready to begin college. He has decided to go to UNI and all his expenses will be paid by the money his parents have saved for his education. On the other hand, Steven's family is not so well-to-do but his parents want him to go to college so he can have more opportunities than they have had. There are 4 other children in the family and they can't afford to start a college savings account. However, all through school, Steven's parents have encouraged him to work hard and always do his best work. Now Steven is 18, has graduated from high school and has been offered a full scholarship to UNI - all expenses will be paid. John's parents and Steven's parents both want the same thing for their sons - a college education. Although both boys were raised in very different circumstances both have the opportunity to go to UNI and earn a degree. This is an example of a. multifinality b. equifinality

b. equifinality If it was a lucky guess, but you're not sure you understand the difference, refer to page 51 of the text.

Alan Lakein argues that daily time use should be direclty related to a. resources. b. goals. c. values. d. attitudes.

b. goals A,B, C; X, Y, Z; oranges, apples, pears; Lakein argues that we should prioritize our activities in order of importance and that our activities should be related to our goals. Page 270

Integrity, confidence, and literacy can be classified as __________________ & __________________ resources. (Check all that apply) a. Tangible resources b. Human resources c. Intangible resources d. Familial resources

b. human resources & c. intangible resources Integrity, confidence, and literacy are intangible resources, but also human resources. Page 106 of the text explains this in greater detail

Susie is a junior at UNI and for 3 years the universtiy has used Blackboard as its learning management system. Now the university is considering changing to some other LMS and Susie is in a "tizzy". She feels that she has just mastered Bb and now she is going to have to learn something new. This is an example of a SIT (Stress induced by technology) b. innovation overload c. acceleration effect d. TSS (Technology Stress Syndrome)

b. innovation overload

The ______ is a measure of the goods and services affordable and available to consumers. a. standard of living b. level of living c. consumption standard d. online

b. level of living Page 402 of the text. How does this compare to standard of living?

_____ is a process rather than an end state, beginning with an unsatisfied need that creates tension or direction. a. Resilience b. Motivation c. Expertise d. Challenge

b. motivation Page 95 of the text. Think of it like this, motivation is a verb, not a noun.

After a decision is completed (particularly a consumer decision) and is being evaluated, ________________ may happen. a. decidophobia b. postpurchase dissonance c. cognitive dissonance d. decision dissonance

b. postpurchase dissonance p 136

Which of the following are root disclipines of Family Resource Mangagement? (There may be more than one correct answer) a. Archeology b. psychology c. economics d. social work

b. psychology c. economics

Management is the process of a. changing one's perspective for the better b. using resources to achieve goals c. controlling others' lives d. acting in a habitual or repetitive pattern

b. using resources to achieve goals.

In economic theory, an unemployment rate of ________________ is considered desirable. a. under 12% b. 18% c. 5% or less d. 9-10%

c. 5% or less See page 298.

which of the following stylistic guidelines is most commonly used in the social sciences? a. MLA b. ASA c. APA d. AAP

c. APA

John works for Oceans of Pizza. It is a restaurant whose main fare is pizza and beer. The owner has another restaurant in Griswold, a small town about 20 miles from John's home in Putnum. The Putnmum restaurant employees 10 people and the Griswold restaurant has 17 employees. John and his wife are about to have a baby and he plans on taking some time off work in order to spend time with their new son. Based on what you have learned about FMLA which of the following is true: a. John is not qualified for FMLA because in the case of child birth, only mothers are allowed to take time off work. b. Restaurant workers are not covered by FMLA, therefore John is not qualified for benefits. c. FMLA only applies to companies with more than 50 employees. There are only 27 employees at both locations. d. All of the above reponses are incorrect. John indeed is entitled to time off work according to the provisions of the Family Medical Leave Act.

c. FMLA only applies to companies with more than 50 employees. There are only 27 employees at both locations.

The Beatle's song, released in 1996 Money can't buy me love, is best supported by which of the following theoretical perspectives? a. Social Exchange Theory b. Family Systems Theory c. Foa's & Foa's Resource Exchange Theory d. Goldsmith's Management Model

c. Foa's & Foa's Resource Exchange Theory According to Foa and Foa, love is least likely to be exchanged for money. Refer to page 116 of your text

__ is the highest valued alternative that must be sacrificed to satisfy a want or attain something. a. Choice b. Scarcity c. Opportunity cost d. Leveraging

c. Opportunity cost this information it is on page 111 of the text.

Which of the following is an example of intrinsic motivation? a. Participating in a sport in order to win a trophy b. Competing in a contest in order to win a scholarship c. Participating in a sport because you enjoy the competition d. Cleaning your room to avoid being reprimanded by your parents.

c. Participating in a sport because you enjoy the competition Motivation refers to movement toward a goal or other desired outcome. Intrinsic motivation comes from within.

The following equation reflects which theoretical perspective? Rewards - Costs = Outcomes a. Conservation of Resources Theory b. Foa and Foa's Resource Exchange Theory c. Social Exchange Theory d. Resource Advantage Theory

c. Social Exchange Theory

As illustrated in the texbook, __________ is the first step in the planning process. a. gathering and analyzing information b. evaluation c. awareness d. implementation

c. awareness Refer to page 170 of the text. We must first of all become aware that a plan is needed.

________ is the act of selecting among alternatives. a. risk b. opportunity c. choice d. fatalism

c. choice

EU prepares emergency 'Plan B' blueprint in case Russia halts gas. The headline above describes what sort of plan? a. strategic plan b. directional plan c. contingency plan d. attribution plan.

c. contingency plan The book describes three types of plans on page 182. Be sure you know all three of them.

Which of the following is NOT a concept of family systems theory? a. homeostasis b. boundaries c. looking-glass self d. wholeness

c. looking-gass self Refer to page 47-52 of your text for more information about Family Systems theory. I've also posted extensive notes over this theoretical perspective.

One attitude shift in the U.S. is that people are beginning __________ at an earlier age. a. travel planning b. career planning c. retirement planning d. estate planning

c. retirement planning

______________ occurs when a person is so heavily engaged in one domain (work or family) and may not be physically or psychologically available for the other. a. Assimilation b. Dominance c. Spillover d. Involvement balance

d. Involvement balance Page 293. And related to involvement balance are issues of stress, turnover or retirement intentions, and absenteeism

If the document you are reading includes research from another source and you include this information in you paper, how would you cite the source? a. use the phrase "indirect source" followed by the secondary source citation b. include the name and title of the original research, but not the secondary source c. do not use quotes or research from indirect or secondary sources d. use the phrase "as cited in.." followed by the secondary source citation

d. Use the phrase "as cited in..." followed by the secondary source citation

Adult children returning to their parents' home to live is called a. cocooning b. empty nesting c. sponging d. boomeranging

d. boomeranging

A(n) _______________ or a spending plan or guide can be helpful by providing a visible means of controlling money. a. net worth statement b. annuity c. money calendar d. budget

d. budget This information is on page 398 of the text.

______ is the process of making a choice between two or more alternatives. a. Goal setting b. Decision making c. Trading d. Bargaining

d. decision making p 132-133

Information that returns to the system is known as a. innovation b. listening c. genomes d. feedback

d. feedback

Rent and car payments are examples of a. variable expenses. b. net worth expenses. c. assets. d. fixed expenses.

d. fixed expenses Be sure to understand the difference between fixed and variable expenses.

The fastest growing minority group in the United States is a. Native American b. African American c. Asian American d. Hispanic/Latino

d. hispanic/latino

The text lists five dimensions on which goals may vary. Which of the following describes commitment, or the degree to which the goal is desired? a. intricacy b. complexity c. timing d. intensity

d. intensity More information on page 82-84 of the text

Planning can both create and relieve stress. This is an example of a. proactivity b. reflection c. synergy d. paradox

d. paradox Read pages 171-172 regarding the paradox associated with planning

"Do not wait for your ship to come in - swim out to it." ~ Unknown. is an apt description of _______________. a. inactivity b. There is no correct response to this question in this answer set. c. reactivity. d. proactivity

d. proactivity Page 183. Get to know a little more about Stephen Covey's 7 Habits of Highly Effective People.

Having "too many balls to juggle" is an example of _________. In this sort of situation, one cannot plan or lead effectively. a. task surrender b. task infatuation c. task limitation d. task saturation

d. task saturation From page 173 of the text, "task saturation occurs when people are so busy doing things that they cannot plan or lead effectively. Read more about it.

In the diagram of the decision tree, what lies at the bottom (the roots)? a. the basic decision b. the alternatives c. resources d. values

d. values p 139

Do you agree or disagree with the following statement? "Because married couples are responsible for themselves as well as a significant other, there is a greater likelihood of being disorganized if you are married." Agree Disagree

disagree Check out page 176 of your text.

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 the ways described in the text. a. psychological/personality b. economic c. technological d. political e. All of the above are correct answers to this question.

e. All of the above are correct answers to this question. Go to page 115; Resource Attributes and a Model

An area that is rising significantly in cost is a. health care. b. home appliances and electronics. c. college tuition. D. All of the above are correct (A, B, C) e. The cost of health care and college tuition are both rising significantly. Therefore, A and C are correct.

e. The cost of health care and college tuition are both rising significantly. Therefore, A and C are correct.

Positive and negative feedback refers to the attractiveness or aversiveness of a new course of action. True False

false Read about feedback on page 50 and don't let positive/negative confuse you.

We are born with values, and as we age we are able to articulate them more clearly. true false

false Refer to the notes that are posted for chapter 3 p.65-99 (module 4)

Match the decision making style listed on the left with the definition on the right. accommodation= accepting viewpoint of dominant person de facto=lack of dissent syncratic=equal consensual=agreement by all involved

p 148

Please match the definiton with the correct word.

performance goal=emphasize outcomes or actions creativity goals=emphasize innovation learning goals=emphasize gaining of comprehension secondary goals=there is no correct definition for this word This is all about goals and you can read about them on pp 82-86. You also did an assignment on different types of goals.

Messages can be either good or bad, wanted or unwanted. The avoidance of potentially bad messages has been identified as _____________________________ by George Loewenstein, a Carnegie Mellon economicst. interference the Peter Principle the Ostrich effect advocacy

the Ostrich effect page 202: 200 pound bird with a 2 oz brain...the ostrich.

One of the greatest technological changes of the 19th and 20th centuries was the switch from F2F conversations to less personal forms of communication and began with: the telephone. Facebook MySpace Linkedin

the telephone Alexander Graham Bell started in all. Page 216

After reading Phillips Blog post it would be reasonable to conclude that modern technology has reallocated housework from professionals, husbands, and children to mothers. true false

true


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