1 What is Family Resource Management?

Question 1

how individuals and families decide, plan, and act in order to progress, to fulfill their needs, and accomplish goals in an increasingly complex, technological society.

Answer 1

The Study of Family Resource Management

Question 2

an understanding of the decisions individuals and families make about developing and allocating resources including time, money, material assets, energy, friends, neighbors, and space , to meet their goals.

Answer 2

Family Resource Management

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The act of selecting among alternatives.

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Choice

Question 4

is the possibility of harm, suffering, danger, of loss.

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Risk

Question 5

“where there is risk, there is opportunity”

is an example of…

Answer 5

A basic principle in management

Question 6

is not so easily defined, but most would agree that it is the degree of happiness with which on judges the overall quality of his or her life as favorable

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Happiness

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The process of using resources to acheive goals.

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Management

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Is the process of using what one has to get what one wants.

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Management

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arrogance
previous failed attempts
lack of commitment, drive, and awareness
Lack of empathy, support, energy, or enthusiasm

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challenges faced when trying to initiate knowledge management

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The feeling that there is nothing new to learn

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Arrogance

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why try again?

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Previous failed attempts

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why should I?

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Lack of commitment, drive, and awareness

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Who cares?

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Lack of empathy, support, energy, or enthusiasm

Question 14

Involves thinking, action, and results.

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Management Process

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Is considered an applied social science.

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Management

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Personal drive behind or actions.

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Internal forces

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Includes the ups and downs of the economy, the condition of the environment, and the rules and laws of society.

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External Forces

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Questions, dilemmas, or situations that require solving, such as “should I buy or rent a home.”

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Problems

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What we need to survive or sustain life, such as did and shelter.

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Needs

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Things that we desire, such as an expensive sports car, but that are not necessary for us to survive.

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Wants

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Are end results that require action for their fulfillment.

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Goals

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Principles that guide behavior, such as honesty or loyalty.

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Values

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Means to make clear, to make easier to understand, or to elaborate.

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Clarification

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Whatever is available to be used.

Ex. Information, time, skills, human & mechanical energy, internet access, and money.

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Resources

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Quantitative and/or qualitative criteria that reconcile resources with demands.

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Standards

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Refers to choosing between two or more alternatives.

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Decision Making

Question 27

Requires making a series of decisions that lead to action.

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Planning

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Print plans into action.

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Implementing

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What's the problem? What was learned? Which decision or plans worked and which ones failed? What adjustments should have been make?

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Answering these questions provide Feedback

Question 30

Enables the individual's overall management knowledge and ability to grow.

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Feedback

Question 31

Refers to everything outside the individual.

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Environment

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Are measuring devices, techniques, or instruments that are used to arrive at decisions and plans of action. Ex. clocks, lists, forms, calendars, budgets, and timetables.

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Management Tools

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Step one in the Management Process...

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Identify problem, need, want, or goal

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Step two in the Management Process...

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Clarify Values

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Step three in the Management Process...

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Decide, plan, and implement

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Step five in the Management Process...

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Accomplish goals and evaluate

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Step six in the Management Process...

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Feedback

Question 38

``` 1- problem, need, want, or goal 2- clarify values 3- identify Resources 4- decide, plan, and implement 5- accomplish goals and evaluate 6- feedback ```

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Steps to the Management Process

Question 39

Way is the answer to "Why manage?"

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Is that that people have no other choice.

Question 40

The answer toWho manages?"

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Everyone does

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Characteristic way of making decisions and acting.

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Management Style

Question 42

History, biology, culture, personality, and technology

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Five factors that influence management style

Question 43

Influences the way a person makes decisions and the options he of she considers.

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History

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Dictates basic physiological needs as did, shelter, air, and water.

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Biology

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Problems a systematic way to fulfill needs.

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Culture

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Is there still total of individual characteristics, enduring traits, and ways of interacting.

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Personality

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Applies methods and materials to the acheivement of objectives. Ex. Laws, tools, techniques, processes.

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Technology

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``` 1- self-actualization 2- esteem 3- belongingness and love 4- safety 5- physiological needs ```

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Maslow's Hierarchy of Needs

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Is fulfillment of one's highest potential.

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Self-actualization

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How does technology differ, from other influences on management (ie. History, culture, and personality)?

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It's usually visible, technological advances are easily observed and measured.

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Is the science of human beings.

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Anthropology

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The characteristic way, or pattern, in which an individual conducts her or his life.

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Lifestyle

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Mind science, focuses on how the individual thinks and behaves.

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Psychology

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Is the study on individual's behavior within a group; it examines attitudes, problem solving, social influences, leaders and followers, and communication.

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Social Pyschology

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Explains the nature of human intelligence and how people think.

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Cognitive Psychology

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Emphasizes the collective behavior of social groups, including organizations and communities. Companion/associate science

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Sociology

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The social science concerned with the production, development, and management of material wealth that different levels: households, businesses, of nations.

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Economics

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Anthropology, psychology, sociology, economics

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Interdisciplinary influences on the Study of Resource Management

Question 59

encompasses all the decisions a person of family will make and the way values, goals and resource use affect decision making.

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Life Management

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assess or alter their actions, language, and reactions according to those around them.

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Self-monitor

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Comprises all persons who occupy a "housing unit"

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Household

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is defined as those who live alone or with nonrelatives.

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Nonfamily Households

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contributes to the rising number of nonfamily households .

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Cohabitation

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relationships in which people usually related by ancestry, marriage, or adoption.

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Family

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1 form an economic unit and care for any young 2 consider their identity to be significantly attached to the group 3 commit to maintaining that group over time

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Family Member

Question 66

refers to a group of two or more persons related by birth, marriage, or adoption and residing together in a household.

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Family

Question 67

Current joint ownership of a home, rental/lease agreement, joint bank account or credit cards, ownership/holding of investments, utility bill with both names, obligation on a current loan,

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acceptable forms of verification for Red Cross

Question 68

is the person (or one of the persons) in whose name the home is owned or rented.

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Householder